07 Oct 2022
Just a few days ago, the post-Golden Week demand outlook was doused in uncertainties, but the situation seems to have changed drastically since the recent rally of the energy complex.
04 Oct 2022
Several medium-scale manufacturers claimed to have stocked up comfortable inventories until first half of December and prefer to monitor the demand condition in China after the Golden Week before making any other decisions.
03 Oct 2022
Market talks are that the downward adjustment could be a result of the appreciation of the US dollar as the maker prices their cargoes in this currency.
A major local producer in Indonesia has lifted spot PP and PE offers for a second week in a row on the back of the steep depreciation of the Rupiah against the US dollar.
30 Sep 2022
On the final trading day of the month, however, Shenhua continues to place some quantities for homo-PP and LLDPE on the auction platform at CNY100-150/ton increase from the previous session.
Traders are scouring both local and import grounds for competitive parcels in expectations that the post-holiday demand conditions might actually pick up.
Local traders are scouring the market for competitive cargoes for the concerns that the post-holiday demand condition might actually pent up.
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