16 Aug 2023
Domestic suppliers shrugged off the weak economic data and dwindling futures market to lift spot PP offers by CNY50/ton from the previous session.
In a surprising development, the auction session for Shenhua’s coal-based PP and PE cargoes concluded with satisfactory results despite the dwindling key futures contracts on Dalian Commodity Exchange.
14 Aug 2023
A source close to the producer said the company is willing to negotiate with serious buyers, though any steep discounts are unlikely at the moment.
A key local producer in Indonesia reportedly lifted spot PP and PE offers over the weekend even though purchasing activities in this market have been softening.
Despite the futures contracts settling the in the negative territory for the second consecutive session, local producers continue to hold back on swift price adjustments
Despite prices for LLDPE being CNY20/ton lower than last Friday, deals were under the 30% mark signaling that customers are choosing to keep away from purchases and monitor the current trend to ascertain if prices may retreat further.
11 Aug 2023
Despite the futures market retreating, local producers opted to keep spot PP and PE offers stable pointing to the low inventory pressure.
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