11 Apr 2024
The domestic market is very much driven by a report from local media pertaining to the rising export orders for festivity decoration products.
Thanks to the sharp rebound on the Dalian Commodity Exchange, trading sentiment on the Shenhua Auction Platform picked up sharply toward the weekend.
10 Apr 2024
Over the past few days, there has always been room for negotiation even though the market has ample support for firming up, except for the demand.
Nevertheless, Shenhua is not in a rush to make any major price adjustment and it is expected that the coal-based producer might continue to cut auction allocation considering the upcoming shutdown
09 Apr 2024
Speaking to CommoPlast, several Chinese suppliers expressed more optimistic expectations citing the peak demand season and the rising energy complex as the primary support.
Trading activities in the domestic spot market remained mediocre and efforts by local suppliers to lift spot LLDPE film by CNY50/ton failed to impress the market.
The market had initially anticipated a more robust price outlook upon returning from the holiday, given the uptrend of crude prices during that time.
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