26 Nov 2024
The Shenhua Auction Platform performed robustly for a second consecutive day, with all grades sold out. Trading sentiments were bolstered by gains on the Dalian Commodity Exchange as well as attractive rates as compared to the spot market
25 Nov 2024
25 Nov 2024
At the start of the week, a leading Indonesian producer raised spot PP and PE offers in the local market, citing the continued depreciation of the Rupiah against the US dollar and reduced availability of ASEAN-origin materials. The producer appeared more optimistic about the PP segment
25 Nov 2024
25 Nov 2024
The Shenhua auction concluded on a strong note despite weak trading sentiment in the futures market on the Dalian Commodity Exchange (DCE). As the month-end approaches, the producer intentionally reduced allocations to the auction platform, which contributed to the robust results.
22 Nov 2024
Meanwhile, expectations are growing for a heavy influx of Chinese PVC in the near future. With India introducing stricter trade barriers through the Quality Control Order (QCO) and potential anti-dumping duties, Chinese exporters are expected to redirect substantial volumes to other markets
22 Nov 2024
Since early October, the rapid depreciation of the yuan against the US dollar has discouraged many local traders from procuring large quantities from the import market due to higher restocking costs, with a sluggish local market in the background.
