15 Jul 2022
The number of transactions recorded for coal-based PP on the Shenhua auction platform remains healthy on the final trading day of the week regardless of the steady deal price levels.
According to data from CommoPlast, spot carbide-based and ethylene-based PVC are now at the lowest levels since mid-August 2020 and market participants are not bullish about the near-term outlook.
Apparently, the domestic spot market has been working hard to keep PP and PE prices above the CNY8,000/ton threshold for days
14 Jul 2022
In fact, transacted prices have been largely stable for a couple of weeks, from which players must now ask the question if the local market has found the floor?
Vietnamese customers have been raising concerns over the recurrent COVID-19 related lockdown in China that further hamper the already dwindling end-product businesses amid the falling export orders.
In the meantime, market participants cautiously monitor the infrastructure funding release progress to gauge the near-term outlook.
13 Jul 2022
Chinese bidders continue to show a healthy interest in the coal-based homo-PP cargoes this morning, reflected in the strong number of transactions.
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