24 Feb 2022
Traders are more active in off taking the cargoes as producers keep the volume discount schemes in place.
23 Feb 2022
Chinese bidders return to the market with a strong buying appetite, off-taking all of the available PP cargoes following the rebounded Dalian Commodity Exchange.
Many manufacturers are selling the on-hand raw materials stocks at way lower the producer’s new offers amid the lack of new end-product orders.
The latest PP offers receive limited responses from the market taking into account the large premium these cargoes carry over other origins such as Vietnam and China.
Trading activities in the domestic spot market remain mediocre and the reduction in inventories is attributed to the volume discounts introduced by the producers in the previous day
22 Feb 2022
Chinese bidders are more confident in making purchases on the second trading day of the week following signs that the market might be heading for stabilization.
In India, responses from the market are mediocre, however, players do not expect any major hurdle for the maker to deplete the cargoes given the smaller allocation.
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