17 May 2024
As the futures market rose to multi-month highs, local suppliers did not forego the opportunity to lift spot PP and PE offers to reflect the bullish situation.
The bidding sessions on the Shenhua Auction Platform produced commendable results after a stellar performance of PP and LLDPE futures on the Dalian Commodity Exchange (DCE) during the overnight session.
16 May 2024
As regional and international suppliers are set to announce June shipment offers to Southeast Asia, several producers are surveying market acceptance while expressing selling ideas based on the current market condition.
Trading activities remained mediocre throughout the morning session as buyers adopted a cautious stance toward the latest hike on the Dalian Commodity Exchange.
As the momentum gets going, today’s results on the Shenhua Auction Platform were much favourable than on Wednesday particularly for homo-PP and PPBC with higher deal volume
15 May 2024
According to a producer, they are still fulfilling delivery obligations for previously sold cargoes, hence, are in no rush to make adjustments on spot PP prices.
Today’s session on the Shenhua Auction Platform started to pick up steam for all three auctioned commodities with concluded deals in volume being slightly higher than Tuesday.
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