29 Dec 2021
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries
Sources expected the buying sentiment to pick up this time as manufacturers continue to prepare for the Lunar New Year demand.
Both local and import markets have been facing a tough time registering any strong gains over the past month. Buyers immediately withdraw to the sideline at the very first signs of higher offers, not even willing to negotiate.
There have been reports that local producers are slowly winding down the sales process in order to close the year-end sales. It is expected that the market would kickstart the new year on a strong note.
28 Dec 2021
Buyers across Southeast Asia remain indifferent about the new offers citing the more competitive cargoes from South Korean suppliers.
Shenhua continues to allocate a good number of cargoes to the auction session, pushing deal prices further down from the previous session.
28 Dec 2021 ABS Inj (Natural)
Buyers expect the current downtrend to persist until after the Lunar New Year when demand from the home appliance sector pick up ahead of the summer season.
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