02 Dec 2020
Transactions remain disappointing on the Shenhua auction platform this morning as buyers continue to resist the current high prices.
In the latest site visit to several major warehouses in the Shanghai area, it is found that the occupancy is low, indicating low stocks among local traders.
01 Dec 2020
As a result of lower ethylene output from the cracker, the producer has to prioritize the production for each PE grade differently.
The increase is well received by the customers given the lack of availability across the region and healthy end-product demand in this market.
The Association requested urgent help to save the plastics processing sector amid the ‘dramatics and unnatural’ increase in raw material prices.
Transactions remain sluggish on today’s auction session despite the better number of cargoes available.
The pile-up in the stock levels is a result of the month-end closing in the previous trading day.
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