29 Dec 2022
Customers have completed pre-holiday replenishment and started to go off for the New Year holiday. Trading sentiment is expected to decline further in the final trading day of the year.
28 Dec 2022
At this pace, there is a probability that the domestic stocks will fall below the 500,000 tons threshold for the first time in many years.
Asian market participants generally expected the maker to introduce fresh increases considering the reduced availability and the steady demand in the Indian market.
Transactions on the Shenhua auction platform fell sharply from the previous day as the producer lifted deal prices by CNY70-100/ton after the strong sales results.
27 Dec 2022
While trading activities across Southeast Asia have been softening amid the holiday season, three major Vietnamese PP producers decided to lift import offers to Indonesia this week.
Unlike the previous weeks, Indonesian customers are more willing to negotiate and enter deals on the concern that the recent winter storm in the US might curtail global supply and push prices drastically higher.
Most traded PP and LLDPE contracts on Dalian Commodity Exchange rebounded from the previous dives after Beijing announced the plan to scrap the quarantine requirements on inbound travellers, further easing the Zero-Covid policy.
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