10 Sep 2022
Key petrochemical production outputs in China declined 3.4% in August compared to July as electricity shortages, and COVID-19 containment measures, coupled with weak demand forced most local plants to reduce operating rates.
In a surprising price decision, a major domestic producer in Indonesia slashed spot HDPE film offers steeply compared to the previous week despite an uptick in buying sentiment in the distribution market.
09 Sep 2022
The number of transactions on the Shenhua auction platform remains satisfactory on the final trading day of the week, thanks to the support from the resilient Dalian Commodity Exchange.
Apparently, Chinese buyers are particularly interested in the LDPE film cargoes after a prolonged period of refraining from making replenishment.
08 Sep 2022
Trading sentiment on the Shenhua auction platform continues to weaken toward the weekend as buyers completed replenishment activities ahead of the long weekend holiday.
Local sellers claimed to face reduced inventory pressure at the moment and decided to maintain a firm stance on the spot PP and PE prices.
07 Sep 2022
Given the satisfactory sales results in the spot market, Shenhua allocated smaller than usual quantities to the auction platform.
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