04 Nov 2020
Sentiment is rather calm in the domestic spot market as players await election results in the USA that could indicate diplomatic and economic policies moving forward.
03 Nov 2020
Meanwhile, regional buyers are waiting for international suppliers to open new PVC offers for December shipment, which is expected to register a $50-60/ton increase from October.
Transactions remains healthy on the second trading day of the week reflected in the high number of deals concluded for the coal-based PP and PE cargoes.
Compared to the previous trading day, sentiment has somewhat softened, however, suppliers are in no rush to reduce offers given the healthy inventory digestion rate.
The Asian ethylene market has been on the declining trend for four weeks in a row as buyers shy from making purchases amid loosening supply conditions.
02 Nov 2020
A couple of traders reported having achieved deals for homo-PP cargoes at the new price levels, though transactions are mostly in small quantities.
The latest price decision from the domestic producer is expected to set the tone for the import ground
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