08 Jul 2020
The auction results appear more sluggish this morning, however, availability remains limited, especially for PE cargoes.
Limited availability continues to take the centre stage, from which sellers would maintain a firm stance on the spot cargoes in the near term.
07 Jul 2020
The producer reportedly sold out all available HDPE film cargoes without any discount. Due to the limited quantity, each customer is only able to secure 100 tons of this grade.
The producer continues to offer zero volume for LDPE and HDPE.
07 Jul 2020 SPVC k67-68 SPVC (A) k67-68
The uptrend is expected to persist in near term now that several local producers claimed to have sold out the allocation for August delivery.
The sudden uptick in demand in addition to the persistent supply tightness would support the uptrend moving forward.
06 Jul 2020
The local market on the first trading day of the week is stimulated by the healthy equity market and the potential tightening supply from coal-based producers.
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