15 Nov 2021
The auction allocations have dropped sharply from last Friday as the producer claimed to have tighter availability.
Demand in the local Vietnam market has been weakening over the past week although most of the lockdown measures have been lifted.
Recently, even PE packaging makers are facing difficulties in lifting end-product prices, forcing these companies to operate with squeezed profit margins.
The falling futures market drags domestic spot PP and PE prices lower, however, customers are also more willing to make replenishment after the reductions.
12 Nov 2021
Despite higher deal prices, Chinese buyers seem more active in making replenishment taking support from the rising Dalian Commodity Exchange.
Apparently, buyers are not the only ones lacking confidence in the near-term outlook, even local traders are cautious
11 Nov 2021
The producer steps back on the auction prices for coal-based homo-PP cargoes after facing resistance in the previous session
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