03 Jul 2023
The latest offers somewhat surprised the market, however, there have been discussions that a weak global economic outlook might have overshadowed sellers’ confidence.
Several traders told CommoPlast about the soft finished goods market, reflecting in the lack of new PO among export-oriented converters.
Trading activities on the Shenhua auction platform dipped for homo-PP with a majority of the sales being need-basis despite a significant drop of CNY90/ton from last week.
30 Jun 2023
As reported earlier, Indonesia is among the few markets in Asia that has been witnessing relative stable demand for PE over the past months while the entire region suffers from timid buying interest due to a slowdown in global consumption.
Sources said that the conservative price decision aim to keep buyers in the market since the finished goods demand has not improved significantly.
Transactions on the Shenhua auction platform extended their upbeat performance as the session saw both homo-PP and LLDPE concluding 100% deals helped by the drastic reduction in auction volume for both grades
29 Jun 2023
Most traded PP and LLDPE contracts on Dalian Commodity Exchanges ended the morning session with increases, reflecting the surging energy complex.
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