11 Mar 2022
Market players worried that government might implement strict lockdown measures to contain the situation, which could cripple demand.
10 Mar 2022
Chinese bidders immediately suspended all purchases including on the Shenhua auction platform after the steep fall in crude oil prices.
Domestic spot market retreated sharply, reflecting the latest development on the Dalian Commodity Exchange.
09 Mar 2022
Chinese bidders rush to make replenishment by mid of the week following news of a series of local PP and PE plant cutting operating rates, which could affect availability in the near term.
Trading sentiment, however, remains soft. Apparently, not many arbitrage traders are willing to off-take large quantities claiming the tightening cashflow following days of continuous purchasing.
08 Mar 2022
Trading sentiment on the Shenhua auction platform fell sharply even though the futures market continues to rise.
While the firming trend is much expected looking at the soaring crude oil market, the new offers are just too gnarl for the market.
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