19 Jul 2023
The most traded PP and LLDPE contracts on Dalian Commodity Exchange settled the morning session with moderate gains on optimism over more stimulus packages from the Chinese government moving forward.
Optimism over the near-term demand outlook recovered from the slump earlier this week after the government said it will act to support economic growth.
18 Jul 2023 SPVC k67-68
A major Taiwanese producer has announced fresh PVC offers for August loading to Asia with a large increase from July on the back of reduced availability and an uptick in demand in the Indian market.
17 Jul 2023
The most traded PP and LLDPE contracts on Dalian Commodity Exchange fell sharply on the first trading day of the week after official data showed the Chinese economy expanded at a slower pace than expected in the second quarter of the year.
According to market sources, the upward adjustments are appropriate considering the lack of ready stocks for homo-PP yarn, HDPE, and LLDPE cargoes.
Local suppliers did not immediately respond to the plunging futures market, instead, continue to raise spot LLDPE film offers by as much as CNY100/ton.
Following a strong rally last week, Shenhua raised offers for homo-PP by CNY100/ton and LLDPE by CNY90/ton right on the first auction session this week, which could not be any worse timing.
Don't have an account? Register