15 Sep 2023
In spite of the stronger futures trading, buying activities in the domestic spot market declined further on the final day of the week.
Chinese bidders rush back to the Shenhua auction platform to secure additional cargoes after the crude oil market surged to the highest levels in 2023, signalling a possibility that the PP and PE market might sustain the firming trend.
14 Sep 2023
Worries about the demand outlook also deepened after the EU Central Bank raised interest rates by 0.25% despite slowing economy.
Besides, Chinese customers seemed to have stocked up comfortably for the long holiday ahead and prefer to adopt a more cautious stance towards higher price parcels.
13 Sep 2023
In Southeast Asia, buyer resistance is stiff. In some markets, trading activities come to a near standstill as customers carry comfortable stocks
Key PP and LLDPE contracts on the Dalian Commodity Exchange opened on a strong note, elevated by the surging energy complex, however, parred most of the earlier gains by the mid-day break
The coal-based producer lifted auction price for both homo-PP and LLDPE by CNY50/ton from the previous session to reflect the reduced availability and strong buying sentiment, yet buyers scooped up most of the cargoes
Don't have an account? Register