16 May 2022
Data from CommoPlast showed that export homo-PP yarn offers from China has reached 2022’s all-time low this week and market players started to ask the question if the market is bottoming out amid the easing lockdown measures in China.
16 May 2022 PPH Raf
The development left a very narrow gap between the local and export ground, which means it might not be profitable for Chinese sellers to export if the current condition persists.
16 May 2022 SPVC k67-68 SPVC (A) k67-68
The domestic PVC market in China is now in its fifth week of decline as the COVID-19 containment measures disrupted construction activities and send the Dalian Commodity Exchange into a bear market.
Trading sentiment remains soft throughout the first half of the day as market participants adopt a cautious stance to monitor further development.
13 May 2022
With additional price cuts from the previous session, Chinese bidders become more interested to return to the Shenhua auction platform on the final trading day of the week.
Negotiations are so fierce that bids for non-dutiable cargoes originating from China and South Korea emerge at $1200-1210/ton, based on the CIF term.
Several trading houses confirmed the sluggish buying sentiment, complaining of the poor number of inquiries from both local and overseas buyers.
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