03 Mar 2022
After two consecutive days of strong gains, the local market in China remains far more competitive than import offers in the nearby Southeast and South Asia
02 Mar 2022
The number of transactions on the Shenhua auction platform remains strong on the second trading day of the week following the drastic increase in crude oil prices.
Over the past couple of trading days, local inventories have been steadily decreasing thanks to the revived risk appetite among arbitrage traders following the rebound on Dalian Commodity Exchange.
Undeniably, the cost-push is strong for PP producers. While the domestic spot PP market embarks on what seems to be a break from the persistent uptrend, there are limited supports for any major downswing ahead.
Arbitrage traders are especially active in scouting for cargoes at the lower end of the overall price range, further supporting the firmer trend.
01 Mar 2022
The Shenhua auction platform opens the first trading day of the month on a strong note as arbitrage traders continue to leverage the firming Dalian Commodity Exchange.
However, several traders expected some resistance toward PP parcels citing the presence of competitive Chinese cargoes in the import ground.
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