06 Nov 2023
Similar to the global equity market, key contracts on the Dalian Commodity Exchange ended the morning session with gains on expectations that the aggressive monetary tightening cycle in the US is near its peak.
Given the fluctuating futures market, sources believed that Shenhua would continue to adopt a dynamic pricing strategy.
The Shenhua auction platform ended the week on a strong note thanks to the continuous firming Dalian Commodity Exchange.
03 Nov 2023
With the latest hikes in the upstream propane costs, Chinese PP producers are especially eager to keep prices firm.
02 Nov 2023
Besides, the currency exchange rate issue plays an important role in the large price cuts since trades are done in the US dollar.
Although the futures market remains on the softening track, local suppliers refused to introduce large price reductions on the back of the already squeezed margins.
Chinese bidders turned cautious on the Shenhua auction platform, resulting in reduced transactions, particularly for homo-PP
Don't have an account? Register