17 Jun 2021
The available cargoes for auction dropped sharply from the previous session with a good number of deals concluded.
16 Jun 2021
The slight upward adjustments for both PP and PE cargoes face stiff resistance from buyers, from which most deals in the distribution market are at unchanged levels from the previous day.
In the local market, traders are racing to lower offers, especially for PE cargoes due to the more comfortable supply condition, in order to deplete the inventories.
Chinese bidders are more confident in making purchases though prices remain largely unchanged from the previous session.
15 Jun 2021
The post-holiday stock levels are manageable, which means local sellers might attempt to keep offers firm in the coming days.
There is limited movement on the first trading day of the week as players await important announcements from the Production Safety Conference in Beijing.
Chinese bidders remain cautious on the first trading day after the long weekend holiday, reflected in the moderate number of transactions.
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