30 Nov 2023
The prices act as an indicator for other Middle East liquefied petroleum gas (LPG) producers to gauge the Asian market acceptance.
The domestic spot market experienced upward adjustments, with producers indicating low inventory pressure, staying below the 600,000-ton threshold by month-end.
Shenhua expectedly cut back on the auction volumes on the final trading day of November, which coupled with reductions in deal prices, led to satisfactory sales results.
29 Nov 2023 SPVC k67-68 SPVC (A) k67-68
According to market sources, buyers here managed to ‘catch the bottom’ and now prefer to wait on the sideline amid the uncertain demand outlook.
29 Nov 2023
However, confidence in the near-term outlook is tepid, with some expecting prices to potentially require further discounts to stimulate the next round of purchases.
Purchasing activities on the Shenhua auction platform remain satisfactory toward the month-end as the coal-based producer conceded to another CNY20-30/ton discount from the previous session to facilitate transactions
28 Nov 2023 PPH Raf
Indeed, Indonesian woven bag manufacturers have repeatedly complained about the persistently sluggish finished goods market over the past couple of months
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