23 Apr 2021
"The producer announces new prices earlier than usual and also close deals very quickly because the market is deteriorating day by day," market sources said.
23 Apr 2021 LL C4 Film
A number of deals have been achieved, though some customers are still holding a cautious stance and purchase only a couple of hundred tons.
The number of transactions observed on Shenhua’s auction platform remains healthy today with prices inched slightly lower than the previous session
22 Apr 2021 LL C4 Film
Sources said that the new wave of COVID-19 outbreak in India is likely to push suppliers here to divert cargoes to the export market.
22 Apr 2021
Besides the price cuts, the producer has also introduced price protection until 1 May 2021 for all PP and PE cargoes that guarantee buyers that their purchases this week will be adjusted if prices come down during the protection period.
Transactions once again pick up on the Shenhua Auction platform for both PP and PE grades, which continue to fuel more positive expectation for the pre-holiday replenishment activities.
Several traders have expressed the readiness in reducing spot offers in the coming days with aims to deplete more stocks ahead of the long Labor Day holiday.
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