06 Aug 2024
The Chinese equity and futures markets struggled to rebound on Tuesday, despite gains in the regional market, as investor concerns over the sluggish economic recovery persisted. Key PP and LLDPE contracts for September delivery ended the morning session with moderate losses.
06 Aug 2024
Following a volatile start to the week, buyer activity rebounded significantly on the Shenhua Auction Platform. Despite this resurgence, the coal-based producer opted to keep the auction price for homo-PP unchanged while marginally reducing the LLDPE price by CNY 20/ton to facilitate smoother sales.
05 Aug 2024
Several Chinese suppliers commenced the new week by raising export PP offers by $15-20/ton, attributing the hikes to favorable currency exchange rates and the lack of inventory pressure. This strategic move follows last week's unexpected rebound in the Dalian Commodity Exchange
05 Aug 2024
05 Aug 2024
Trading on the Shenhua Auction Platform faced significant disruptions at the start of the week, beset by a confluence of adverse factors. The sharp appreciation of the Yuan and the declining futures contracts on the Dalian Commodity Exchange dampened market activity, highlighting a precarious sentiment among buyers.
02 Aug 2024 SPVC k67-68 SPVC (A) k67-68
02 Aug 2024 PET Bottle
On the other hand, the downstream bottled beverage sector has not witnessed any major demand improvement amid the seasonal lull. Additionally, market sources are assessing the impact of the provisional anti-dumping duties the South Korean government imposed on the import of Chinese PET resin.
