20 Jul 2020
This is also the first time in several weeks the maker is able to offer spot LDPE film due to the previous production disruption that curb supply.
Indonesian buyers do not seem attracted to the cargoes amid the softening domestic market and weak end product orders.
Transactions are moderate on the Shenhua auction platform this morning at lower price levels compared to last week.
It is expected that domestic spot offers might continue to soften in the coming days despite the supply tightness condition.
17 Jul 2020
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.
Buyers continue to wait on the sideline as the flood hurt demand while escalating tension between China and the USA add more uncertainties to the outlook.
16 Jul 2020
The constantly weak transaction clearly underlined the lack of confidence among local buyers.
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