14 Nov 2023
Customers once again, flock to the Shenhua auction platform to secure the coal-based PP and PE cargoes at more attractive price levels while waiting for regular material prices to drop further.
Following a dive on the first trading day of the week, purchasing activities on the Shenhua auction platform rebounded sharply in today’s session.
13 Nov 2023
Zhongjing Petrochemical decided to reduce export PP offers by $5/ton from the previous week despite the substantially lower operating rates.
According to market participants, the latest price adjustments, while reflecting the market movement, appear unattractive to many converters.
Key PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session with three-digit drops as investors retreated to the sidelines amid the liquidity crunch.
Chinese bidders seemed to abandon the Shenhua auction platform on the first trading day of the week after key contracts on the Dalian Commodity Exchange nosedived more than CNY100/ton at the start of the session.
10 Nov 2023
A number of Chinese trading houses also scour the Southeast Asian market, hoping to secure duty-free parcels
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