15 Jul 2022
Apparently, the domestic spot market has been working hard to keep PP and PE prices above the CNY8,000/ton threshold for days
14 Jul 2022
In fact, transacted prices have been largely stable for a couple of weeks, from which players must now ask the question if the local market has found the floor?
Vietnamese customers have been raising concerns over the recurrent COVID-19 related lockdown in China that further hamper the already dwindling end-product businesses amid the falling export orders.
In the meantime, market participants cautiously monitor the infrastructure funding release progress to gauge the near-term outlook.
13 Jul 2022
Chinese bidders continue to show a healthy interest in the coal-based homo-PP cargoes this morning, reflected in the strong number of transactions.
As expected, the domestic spot market extended the weakening trend though it appears that sellers are not rushing to slash PP and PE prices as much as the futures market.
12 Jul 2022
Chinese bidders surprisingly come back on the second trading day of the week despite the lingering concerns over the rising number of COVID-19 infection cases.
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