03 Aug 2023
However, players pointed to the possibility that the recent rally in the PP sector might need to take a breather since resistance from the market is now overwhelming.
On the other hand, limited supply coupled with smaller price hikes kept bidders interested in the coal-based LLDPE cargoes.
01 Aug 2023
Key PP and LLDPE contracts on Dalian Commodity Exchange ended the morning session with minor gains as investors focus on the positive aspects of the latest manufacturing activities data.
While PP and PE offers in the domestic spot market edging higher, Shenhua decided to maintain auction prices for coal-based cargoes unchanged, which partly contributed to the strong sales results.
31 Jul 2023
Saudi oil and gas giant – Saudi Aramco has announced the August propane contract price to Asia with a sizeable increase from the previous month, marking the first hike since February 2023.
The price hikes are well-expected, market sources said, after a number of Chinese homo-PP cargoes were concluded at $920-930/ton FOB China in the previous week.
Indonesian customers have been slowing down on purchases since last week while escalating the effort to transfer the rising raw materials costs to finished products, which proved to be more challenging than expected.
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