12 Jul 2023
Improved trading activities locally help Chinese suppliers to deplete a good number of cargoes, further freeing them from any inventory pressure.
While negotiations are still ongoing for LDPE cargoes, Vietnamese customers have accepted HDPE yarn parcels at no additional discount from the initial offers.
12 Jul 2023 PET Bottle
This market is not the only sector that started regaining strength this week. Other petrochemical segments such as polyethylene (PE) and polypropylene (PP) are inching higher on better near-term demand prospects
With surging futures contracts on Dalian Commodity Exchange, Chinese producers are not shy from implementing additional increases on spot PP and PE cargoes.
Trading activities on the Shenhua auction platform continued to witness leveraged sales with both homo-PP and LLDPE securing full deals supported by the limited auction volume
11 Jul 2023
Higher import arrival coupled with rising local production outputs led to a bloated domestic market throughout the month, which in turn, weighed heavily on both PP and PE prices.
Most traded PP and LLDPE contracts on Dalian Commodity Exchange rallied throughout the morning session on optimism that the government might extend economic support measures
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