25 Nov 2021
Toward the end of the week, Chinese bidders are more active in making purchases.
At the moment, imported PVC from China faces ADD of between $92.27 - 147.96/ton, and from the USA face $29.99 - 115.54/ton.
25 Nov 2021 Propylene
Market sources said that most Chinese buyers prefer to source propylene hand to mouth from the domestic market, where supply is ample and prices are more competitive, pressurizing international suppliers to lower the offers.
With the slight reductions on both PP and PE cargoes, trading sentiment in the domestic market remains largely unchanged from the previous session.
24 Nov 2021
However, there are only homo-PP cargoes available while the maker claimed to have very limited PE allocation.
Firmer domestic spot market reflects the lower inventory pressure among domestic sellers coupled with the support from the strengthening Dalian Commodity Exchange.
23 Nov 2021
Transactions on Shenhua auction platform improved on the concerns over the near-term supply outlook.
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