04 Jun 2024
As reported earlier, the heavy congestion in transshipment ports including Port Klang and Singapore has forced a number of international suppliers to issue official statements
Speaking to CommoPlast, a distributor reported soft responses from customers, who are questioning the sustainability of the current uptrend.
04 Jun 2024 PET Bottle
Buyers opted to remain conservative citing the soft finished goods market, resulting in a rather sluggish trading sentiment.
The extended bear run in crude oil futures coupled with the weakening Dalian Commodity Exchange encouraged buyers to adopt a cautious stance, making purchases only based on needs.
Shenhua Auction Platform continued to face multiple challenges in attracting deals on the second day of the week as futures contracts on the Dalian Commodity Exchange and crude oil extended the bear run.
03 Jun 2024
The CNY50/ton discounts, according to maket sources, did not yield much buying interest, and therefore, traders must provide additional room for negotiations before deals are achieved.
The auction results for coal-based cargoes were mediocre despite the CNY130/ton drop in pricing for LLDPE cargoes.
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