20 Oct 2021
In a drastic movement, Chinese bidders totally abandoned cargoes on the Shenhua Auction Platform to monitor further development in the coal market before making decision.
Many traders are still carrying high-cost cargoes on hand and the bearish near-term outlook means that losses might be severe.
Chinese bidders are not even interested in the Shenhua coal-based PP and PE auction session, resulting in zero deals on the platform, which is rather drastic.
19 Oct 2021
The futures market traded sluggishly throughout the morning session shrugging off the fact that more polyolefins plants are lowering operations rates amid the intensifying the Dual Control policies.
In spite of the lower price for homo-PP compared to the previous day, the number of transactions took a dive, highlighting the lack of purchasing interest among Chinese buyers.
19 Oct 2021 HD B/M HD Film
As reported earlier, demand for HDPE film in Indonesia has been improving as retail businesses gradually recover from the COVID-19 lockdown.
In spite of the sharp increases, Indian customers find the new offers competitive compared to other cargoes, which have been hovering around the $2000/ton threshold for weeks.
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