11 Jul 2022
Several traders told CommoPlast they only managed to close very small number of deals during the early trading hours while bearing pessimistic expectations about the demand outlook.
08 Jul 2022
Chinese bidders remain active on the final trading day of the week, resulting in a strong number of deals for both PP and PE cargoes.
At the moment, firmer spot PP and PE offers are facing stiff resistance from the market, and buyers are asking for the previous prices in order to close deals.
07 Jul 2022
Chinese bidders return to the market toward the end of the week as Shenhua further step back on the deal prices.
Local suppliers are less enthusiastic about the firmer Dalian Commodity Exchange, from which discounts are still given to encourage purchasing activities.
06 Jul 2022
Shenhua auction platform started to reflect the risk of a recurring COVID-19-related lockdown as Shanghai carries out three days of mass testing.
Buyer confidence declines rapidly as players monitor the next decision from the Shanghai municipal government after the city decided to carry out three days of mass COVID-19 resting.
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