19 Apr 2023
While domestic suppliers maintain spot PP and PE offers on the stable to firmer track to reflect the bullish Dalian Commodity Exchange, Chinese buyers increasingly shy away from the market
Trading activities on the Shenhua auction platform remain relatively satisfactory by mid of the week despite the CNY20/ton higher on both homo-PP and LLDPE cargoes.
18 Apr 2023
Following a surprising uptick in purchasing activities in the previous session, Chinese buyers withdraw to the sideline to monitor further market movement
There have not been any major changes in trading activities on the Shenhua auction platform on the second day of the week.
17 Apr 2023
For the second week in a row, a key domestic producer in Indonesia maintain a firm stance on spot PP and PE cargoes despite the weakening purchasing activities
Key PP and LLDPE contracts for May delivery continue to trade in the positive territory this morning on the expectation that the Chinese economy would recuperate further in the coming month
Though the percentage of transactions weakened slightly compared to the previous session, Chinese buyers seem more willing to accept higher prices, at least on this trading platform, reflected in the higher deal prices compared to auction prices.
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