28 Nov 2022
Chinese bidders withdraw to the sideline on the first trading day of the week as the futures market retreated throughout the morning session on the concerns over the widespread protests against the strict COVID-19-related lockdowns.
25 Nov 2022
Regardless of the renewed lockdown in Beijing, investors focus on the government’s latest effort to support growth. More commercial banks also pledge more credit lines to property developers, which could ease the housing market turmoil.
While purchasing interest remains relatively strong on the final trading day of the week, the renew lockdown in Beijing severely hit the market confidence.
24 Nov 2022
Following a couple of days of dwindling trading sentiment, the import LLDPE film market picks up drastically toward the end of the week thanks to the sharp rebound on Dalian Commodity Exchange.
Major PP and LLDPE contracts on Dalian Commodity Exchange ended the morning session with strong gains after the PBOC announces new measures to stimulate growth
Following the rising futures contracts on Dalian Commodity Exchange, Chinese bidders rush back to the Shenhua auction platform to secure some cargoes to take advantage of the widening price gaps between the two platforms.
23 Nov 2022
The reductions were very much expected due to the weeklong National Day holiday at the beginning of October that followed by a wave of COVID-19 outbreak that prompted the authorities to implement strict movement controls.
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