20 Feb 2024
The trading market is forecasted to have mediocre sales this week as more buyers take on a reserved approach to monitor the upcoming market direction.
19 Feb 2024
The resilient upstream ethylene costs, persistent shipping challenges, and lack of availability that stemmed from the recent shutdown supported the price decision.
The post-holiday demand status remains unclear on the first trading day of the week, yet the producer inclined to a rather bullish stance.
On the first trading day of the week, a key Malaysian producer surprised the market by announcing March PE shipment offers to Vietnam with large increases
The Chinese PVC market resumed trading following the weeklong Lunar New Year holiday on a soft note, dragged by bloated local inventories and the falling key futures contracts on the Dalian Commodity Exchange.
Manufacturing plants in China would only usually be able to ramp up operating rates after the Chap Goh Mei festival due to the absence of workers.
Market participants remained vigilant about future movement of the market but also being practical and expect the market to take some time to warm up after returning from a long holiday, as is customary.
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