14 Dec 2021
Given the competitive prices and the limited availability, the number of transactions picked up drastically from the previous session.
However, the mass of the market remains cautious about the near-term outlook citing the recent flare-up of COVID-19 infection cases in Ningbo and Zhejiang.
Even with the large price cuts, Chinese customers are reluctant to accept the new offers citing the more competitive domestic cargoes.
13 Dec 2021
The number of transactions abruptly pick up on the first trading day of the week as Shenhua agreed to conclude deals for homo-PP at lower levels compared to the previous session
Besides, manufacturers have made comfortable replenishment to cover the immediate needs, while end-product businesses for December are not up to expectations.
Vietnamese buyers are portraying a reluctant stance given the long lead time. The supplier set the last shipping date on 15 April 2022.
Besides, there have been reports that several coal mines in the Shaanxi region have been heavily fined and ordered to suspend production for breaking regulations.
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