24 Jun 2024
Vietnamese buyers were informed that allocations for July have been halved due to ongoing feedstock shortages affecting operations. Bookings are being accepted on a first-come, first-served basis.
The latest weekly offers reflect additional price hikes compared to the previous week, driven by favourable currency exchange rates and a resilient international market.
As anticipated, the domestic spot market weakened by CNY 50/ton compared to the previous session, influenced by the declining futures market.
Trading sentiment on the Shenhua Auction Platform remained dwindling at the start of the week and despite the substantial drop in auction volume for homo-PP, the coal-based producer failed to deplete all the available quantities.
21 Jun 2024
Market observers note that buyers are monitoring price movements closely and prefer to assess market trends before making further commitments.
The Shenhua Auction Platform concluded the final auction session of the week on a soft note as the coal-based producer’s decision to lift auction prices slightly from the previous day was undermined by the weak Dalian Commodity Exchange.
20 Jun 2024
Expectedly, spot PP and PE offers on the local market gained CNY50/ton to reflect the stronger futures market and the absence of any major sales pressure.
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