19 May 2022
The easing Shanghai lockdown has not lifted the trading sentiment as much as sellers have hoped, leading to expectations that further price reductions might be possible in the immediate term.
18 May 2022
For the third consecutive day, Shenhua keeps deals prices for both PP and PE largely unchanged
It is not surprising that a key Taiwanese producer opens June shipment offers for PVC with reductions considering the soft demand condition and the growing competition from Chinese cargoes.
Attempts to keep spot PP and PE prices firm ended in vain as buyers refrain from making large purchases regardless of the reopening.
17 May 2022
Chinese buyers portrayed a high level of enthusiasm after signs that the COVID-19 outbreak is under control in key region and Shanghai is set to reopen on 1 June.
In spite of the large cuts, Indonesian customers remain uninterested in the price list because of the substantial gap with the import market.
While real purchasing activities remain below expectations, the general market sentiment improved sharply as the Shanghai municipal government introduces a series of easing lockdown measures
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