25 Oct 2021
Vietnamese traders are more cautious given the sluggish local market that anchor any price advancement here. Accepting the new prices would mean accepting an extremely high level of risk.
Market participants said that the flat offers might indicate a potential downswing ahead considering the weakening trend in the near-by China market, and the increasingly present of Chinese PP cargoes across the region.
22 Oct 2021
The number of transactions achieved on the Shenhua Auction Platform is mediocre on the final trading day of the week and the available volume has increased from the previous session
However, the steep jump might have come at the wrong timing as the slump in China market started to spill its negative effects all over Southeast Asia
In spite of the minor gains in quantity compared to the previous month, PVC imports remained at 2021’s highest levels,
Over the span of two weeks, the front-month PP and LLDPE contracts on Dalian Commodity Exchange have plunged more than CNY1,000/ton, yet, Chinese buyers maintain a conservative stance
21 Oct 2021
With the settled prices dropping sharply from two sessions ago, Chinese bidders showed more interest in making replenishment, resulting in a higher number of transactions.
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