20 Aug 2020
There have not been any major changes in the domestic spot market during the first half of the trading day.
19 Aug 2020
It is reported that a Malaysian producer has slashed import PP and PE offers to Indonesia for September loading, ending the two consecutive months of firming up.
The number of deals recorded in today’s auction session fall visibly compared to the previous day due to higher prices.
Chinese buyers are not as optimistic about the near-term outlook as expected and tend to very selective on which price level to accept.
18 Aug 2020
The development underlines the reviving demand in China following several weeks of decline.
Several other Middle Eastern suppliers have also claimed to have achieved satisfactory number of transactions at stable to $15/ton higher than the previous week.
Chinese bidders become more active on the second trading day of the week, procuring most cargoes at slightly higher price levels compared to the previous auction day.
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