24 Dec 2021
Transactions remain healthy on the Shenhua auction platform on the final trading day of the week with deal prices gain CNY100/ton from the earlier this week.
Several other buyers reportedly placed bids at $1050-1060/ton CFR China, which were outrightly rejected by the supplier.
This is the first time since 10 February 2021 the local stock fell below the 600,000 tons threshold, signalling the steady demand in this market.
23 Dec 2021
Sources said that the company has been allocating smaller quantities to the auction after achieving annual sales targets.
Data from CommoPlast shows the average LLDPE film prices based on CFR China fell to the lowest levels since the beginning of September 2021, yet buyers are rather selective when it comes to making replenishment.
The fluctuating Dalian Commodity Exchange gives spot buyers little confidence in building up more inventories, especially when the demand outlook is clouded by the strict measures against the COVID-19 outbreak.
22 Dec 2021
The producer continues to decline any issues at the plant, yet the available quantities remain limited.
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