25 Feb 2022
A large number of players believed that the market has reached the cyclical bottom and might track the stable to firmer track in the coming week, now that inventories started to digest.
24 Feb 2022
The escalated tension between Russia and Ukraine pushed crude oil to surpass the $100/barrel mark, sparking expectations that the commodity market would rise in the coming days.
Traders are more active in off taking the cargoes as producers keep the volume discount schemes in place.
23 Feb 2022
Chinese bidders return to the market with a strong buying appetite, off-taking all of the available PP cargoes following the rebounded Dalian Commodity Exchange.
Many manufacturers are selling the on-hand raw materials stocks at way lower the producer’s new offers amid the lack of new end-product orders.
The latest PP offers receive limited responses from the market taking into account the large premium these cargoes carry over other origins such as Vietnam and China.
Trading activities in the domestic spot market remain mediocre and the reduction in inventories is attributed to the volume discounts introduced by the producers in the previous day
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