27 Jul 2021
The buying sentiment in Malaysia has been dwindling for weeks because manufacturers have either slashed operating rates or even shut down in compliance with the Movement Control Order (MCO).
As expected, trading sentiment in the domestic spot market remains soft on the second trading day of the week.
Chinese bidders are more active on the second trading day of the week after the supplier agrees to some discounts amid the sluggish futures market.
26 Jul 2021
Manufacturers in the packaging sector are monitoring how quickly end-product buyers resume operation while holding a conservative stance and prefer to consume the on-hand inventories instead of making fresh purchases.
Demand is expected to return in the next couple of days, in the meantime, it is likely that spot prices would remain soft.
The number of transactions on the Shenhua Auction Platform fell sharply on the first trading day of the week.
23 Jul 2021
Domestic spot PP and PE market inched lower following the reductions on Dalian Commodity Exchange.
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