17 Feb 2022
Trading activities on Shenhua Auction Platform nosedived toward the end of the week following the steep fall on Dalian Commodity Exchange.
Indonesian manufacturers have been complaining about the inability to increase end-product prices while the number of PO declines visibly compared to January.
As local stocks remain above the 1 million tons threshold despite lower operating rates among key producers
16 Feb 2022
Shenhua attempted to lift deal prices following news about the production cuts at a couple of major local plants, however, transactions fell as a result.
Key PVC contract for May delivery on Dalian Commodity Exchange fell two out of three trading sessions this week despite the strong crude oil market on the concerns over Russia-Ukraine tension.
Sources said that the producer lower operating rates at PE units only to sell the excess ethylene for better margins, while there are no impacts on the PP outputs.
15 Feb 2022
Transactions remain healthy on Shenhua Auction Platform following the surge on the Dalian Commodity Exchange.
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