13 Jan 2023
Market confidence has improved sharply following the preliminary signs of a possibly soft-landing in the global economic hardship now that inflations in Western countries seem under control.
12 Jan 2023
The domestic spot market traded mixed throughout the morning session. While a segment of customers is taking advantage of the stabilizing futures market by making last-minute purchases
Though overall deals for homo-PP and LLDPE remain above 90%, deals have slightly weakened compared to yesterday, as a number of traders leave for the Lunar New Year holidays.
11 Jan 2023
Surprisingly, the appreciated Yuan against the US dollar coupled with the tightening supply outlook lured PE buyers back to the market for last-minute purchases, especially for LDPE film.
While the domestic market continues to witness moderate trading activities this morning, most cargo takers are traders.
Deal prices for both homo-PP and LLDPE dropped another CNY50/ton compared to the previous session, giving arbitrage traders a healthy gap with the futures market to work on.
10 Jan 2023
Chinese buyers quickly scoop up all available quantity, partly leveraging the weakening US dollar that makes imports cheaper.
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