12 Aug 2024
Even with a stronger Yuan against the US dollar, holding prices stable has become a challenge, let alone introducing any increases. These constant price adjustments underscore suppliers' efforts to balance maintaining margins with the need to respond to subdued demand.
12 Aug 2024
12 Aug 2024
Despite this tepid demand, Shenhua maintained a firm stance on auction prices, raising homo-PP by CNY 10/ton while keeping LLDPE prices unchanged. This move highlights producers' unwillingness to reduce prices further, despite the apparent lack of buyer enthusiasm.
09 Aug 2024
Despite stronger futures contracts on the Dalian Commodity Exchange, confidence among Chinese suppliers remained low, preventing any significant increase in spot PP and PE prices. In fact, spot LLDPE film prices softened by CNY 50/ton, while homo-PP prices held steady.
09 Aug 2024
08 Aug 2024 PET Bottle
The Yuan has appreciated by approximately 1.1% against the US dollar over the past week, reaching around 71.6 Yuan to a dollar as of 08 August. A stronger local currency typically exerts downward pressure on commodity prices denominated in that currency.
08 Aug 2024 LD Film
The Chinese LDPE film market rebounded slightly from the five consecutive weeks of decline even though the overall demand condition has yet to demonstrate a strong uptick. Market sources attribute the price increases primarily to bullish demand expectations ahead of the traditional manufacturing season and a decrease in import arrivals.
