13 Mar 2023
Trading activities on the Shenhua auction platform remained weak on the first day of the week as market participants refrain from proceeding with fresh purchases amid the cloudy market outlook.
08 Mar 2023
At the current price levels, sources said that international suppliers almost have no chance to attract deals for import homo-PP cargoes in China.
Sources blame the plunging business confidence and weak export market for the weak trading sentiment.
06 Mar 2023
Without a substantial stimulus package to boost consumption, trading sentiment on both the futures and the spot markets sinks sharply on the first day of the week.
Shenhua attempted to facilitate the purchasing interest by offering CNY20-50/ton reduction on both PP and PE cargoes, however, buyers seemed to prefer to source just small quantity.
02 Mar 2023
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.
While the producer claimed to have smaller than usual availability, converters in the pipe sector remain under pressure from lacking finished goods demand.
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