03 Aug 2022
Chinese bidders continue to show strong interest in homo-PP cargoes even though Shenhua has lifted deal prices slightly from the previous session to reflect the smaller allocation.
Sources said that the local demand for PVC was weak considering the deepening property market turmoil. However, carbide-based PVC producers had the cost advantage
The entire market is doused in concerns over the intensifying geopolitical tension with Taiwan, which could affect the semiconductor chip supply, and subsequently affect the already dwindling related downstream markets.
02 Aug 2022
The number of transactions on the Shenhua auction platform remains healthy on the second trading day of the week, however, there are signs of change in buying pattern.
For the first time in two months, import PE arrival to China surged above 1 million tons as demand improved slightly following the easing of COVID-19 containment measures.
02 Aug 2022 PPH Inj PPH Raf
Import PP offers to China started to show signs of stabilization after months of tracking the downtrend as international suppliers are now free from sales pressure after slashing prices substantially last week to move quantities.
Chinese customers prefer to source small quantities from the domestic market after spot PP and PE offers softened slightly from the previous session while end-product businesses remain dwindling.
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