08 Nov 2021
As the deal prices are set at slightly lower than the previous session, Chinese bidders seem more confident in proceeding with new purchases on the auction platform
It is expected that productions outputs for these grades would remain comfortable in November as the government escalated the effort and introduced new policies to ensure a stable coal supply.
The new offers show additional reductions on most PP grades, which are much anticipated given the tremendous pressure from overseas and sluggish demand.
Chinese buyers continue to seek spot LLDPE and LDPE film cargoes to meet the strong demand from the food packaging and agricultural film sector as the winter takes place.
05 Nov 2021
Given the substantially lower allocation compared to the previous session, Shenhua Auction Platform concluded with a healthy number of deals
Responses in the LLDPE film market seem much stronger than PP as limited import arrivals started to impact local availability.
04 Nov 2021
The domestic spot market in China resumed falling after a brief gain at the beginning of the week as coal supply improves visibly and the government introduces more measures to ensure a stable coal supply.
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