Trading sentiment on the Shenhua auction platform is soft on the first trading day of the week as bidders withdraw to the sidelines following a flare-up of infection cases that put hundreds of cities across China under high-risk areas.
For the first time in twenty-one (21) months, spot PVC cargoes are traded at three-digits across Southeast Asia as the demand shows no sign of improvement while the dark cloud of a potential global recession casts weigh on the outlook.