19 Nov 2021
Transactions remain dwindling on the final trading day of the week as buyers prefer to wait for clearer market direction in the coming week after having secured comfortable stocks in the previous sessions.
Several manufacturers said that the weakness in the energy complex coupled with the declining upstream ethylene and propylene costs are eroding the market confidence.
18 Nov 2021
The dwindling volume for PP did not stimulate buying sentiment enough, reflected in the disappointing number of deals.
Malaysian customers started to see better end-product demand as the country eases COVID-19 lockdown measures, allowing most of the economic sectors to resume normal operations.
Meanwhile, the government is looking to restrict movement once again this year-end festive season, which might cause the sentiment to slow down further in the coming week.
The domestic spot market holds firm towards the weekend thanks to the stabilizing Dalian Commodity Exchange.
17 Nov 2021
The number of transactions recorded on the Shenhua Auction platform has improved compared to the previous session
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