27 Dec 2022
Most traded PP and LLDPE contracts on Dalian Commodity Exchange rebounded from the previous dives after Beijing announced the plan to scrap the quarantine requirements on inbound travellers, further easing the Zero-Covid policy.
Trading activities on the Shenhua auction platform remain healthy as news of China quashing quarantine requirements for international travellers boost buyers’ confidence.
26 Dec 2022
Unlike the winter storm in February 2021, USA producers actively implemented measures to protect their critical equipment, including insulation and steam tracing.
The new price list showed a $20/ton reduction on all available grades from the previous price list, reflecting the persistently weak demand at home and overseas.
Trading activities in Indonesia have been dwindling over the past several days as market participants take off for the Christmas and New Year holidays.
Major PP and LLDPE contracts on Dalian Commodity Exchanged ended the morning session in the red on the growing concern over the near-term demand outlook as the COVID-19 outbreak spread.
Although the availability for both homo-PP and LLDPE cargoes declined sharply toward the end of the month, Shenhua continues to implement aggressive pricing strategies to attract buying interest.
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