29 Sep 2022
Interestingly, Chinese buyers are returning to the market for last minutes replenishment, reflected in the strong number of deals on Shenhua auction platform for coal-based PP and PE parcels.
28 Sep 2022
Trading activities on the Shenhua auction platform improved significantly by mid of the week after the producer stepped back on the deal prices for both PP and PE cargoes.
Saudi Aramco has opened the October propane contract price to Asia with a reduction of $60/ton from the previous month, marking the sixth consecutive month of decline.
Chinese customers start to embrace the holiday mood, which means sellers here might focus on the export market to deplete more cargoes. With supply showing signs of improvement, the downward pressure might build up.
For the first time since late January 2022, the domestic inventories fell below the 600,000 tons threshold.
27 Sep 2022
Chinese buyers show better interest in LLDPE cargoes due to the lower availability for this grade. The heavy influx of previously purchased homo-PP is pressurizing the local market.
Several major overseas suppliers have stepped back on import homo-PP offers to Vietnam this week, effectively ended the seven rallying weeks as demand weakens, supply improved while the depreciation of the local currency
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