13 Jul 2021
As demand from the downstream processing plants started to pick up, polyolefin production in the country is likely to improve further in July.
There have been market talks pertaining to the electricity limitation in the Guangdong area that restrict operating rates.
The number of transaction in today’s auction session plunged sharply from the previous day, reflecting the stiff resistance among bidders as prices move higher.
12 Jul 2021
Indonesian customers maintain a calm stance towards the latest price list while continuing to source hand-to-mouth from the distribution market, where traders are more willing to negotiate.
The upswing in the futures market pulls spot prices higher, however, customers are unable to accept the abrupt price adjustment.
The number of transactions on the Shenhua auction platform picks up strongly on the first trading day of the week, however, prices have not changed significantly.
09 Jul 2021
The stronger Dalian Commodity Exchange encourages local producers to lift spot PP and PE prices, however, traders said that the price list does not reflect the demand condition.
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