01 Jul 2024
This move was anticipated by market participants and aligns with the downward trend set by the producer for the third quarter term contract settlements.
The coal-based producer reduced auction prices for both homo-PP and LLDPE by CNY 80/ton from the previous session.
29 Jun 2024 PET Bottle
The depreciation of the Yuan against the US dollar allowed Chinese exporters the flexibility to adjust their offers this week. Yet, responses were weak.
29 Jun 2024
At the time of this report, domestic supply remained tight. However, market sources expected a strong wave of import arrivals toward the end of July to early August, which would boost spot availability substantially.
28 Jun 2024
Local suppliers did not let the opportunity to increase their offers slide. The strengthened Dalian Commodity Exchange coupled with the reduced inventory pressure
Shenhua concluded the final auction of the month on a strong note, supported by the strong futures contract on the Dalian Commodity Exchange and the reduced auction quantities.
27 Jun 2024
Trading sentiment in the domestic spot market has shown slight improvement from the previous day with spot offers mimicking the resilience of the Dalian Commodity Exchange.
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