13 Sep 2023
In Southeast Asia, buyer resistance is stiff. In some markets, trading activities come to a near standstill as customers carry comfortable stocks
Key PP and LLDPE contracts on the Dalian Commodity Exchange opened on a strong note, elevated by the surging energy complex, however, parred most of the earlier gains by the mid-day break
The coal-based producer lifted auction price for both homo-PP and LLDPE by CNY50/ton from the previous session to reflect the reduced availability and strong buying sentiment, yet buyers scooped up most of the cargoes
12 Sep 2023
Sources attributed the 7.6% increase in the PP outputs to the startup at several newly constructed plants while many existing producers opted to lower the run rates amid squeezed margins.
As reported, trading activities in the local China market have been relatively strong over the past several sessions amid pre-holiday replenishment.
Key PP and LLDPE contracts on Dalian Commodity Exchange continue to rise on the second trading day of the week on expectations that the FED would halt the aggressive interest rate hikes
Shenhua adjusted auction prices up by CNY 50/ton for homo-PP and CNY 30/ton for LLDPE to reflect the reduced auction volume and resilient futures market.
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