10 Jul 2024
Sinopec and CNPC have struggled to effectively deplete their on-hand stocks amid sluggish trading sentiment. Both producers reported no change in their combined PP and PE inventory
Shenhua’s decision to maintain stable auction prices has backfired, as the continued decline in futures markets and falling crude oil prices have severely dampened buying interest.
09 Jul 2024
Trading sentiment remains subdued at the start of the week, with buyers withdrawing to the sidelines to assess the near-term outlook.
09 Jul 2024 SPVC k67-68
Initial market responses have been weaker than expected. Several PVC pipe manufacturers attribute this to the lack of new projects and the onset of the monsoon season
Trading sentiment in the local market remains unchanged from the previous session. The continuous decline in the futures market has severely eroded market confidence
The Dalian Commodity Exchange extended its weakening trend for the fourth consecutive trading session on July 9. Notably, LLDPE futures experienced steeper declines compared to PP
08 Jul 2024
As the Dalian Commodity Exchange entered the third day of a losing streak, Chinese buyers remained on the sideline, unfazed by the minor discounts offered by local suppliers.
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