07 Jul 2022
Chinese bidders return to the market toward the end of the week as Shenhua further step back on the deal prices.
Local suppliers are less enthusiastic about the firmer Dalian Commodity Exchange, from which discounts are still given to encourage purchasing activities.
06 Jul 2022
Shenhua auction platform started to reflect the risk of a recurring COVID-19-related lockdown as Shanghai carries out three days of mass testing.
Buyer confidence declines rapidly as players monitor the next decision from the Shanghai municipal government after the city decided to carry out three days of mass COVID-19 resting.
05 Jul 2022
Transactions for PP cargoes on the Shenhua auction platform surprisingly remained strong on the second trading day of the week despite the recurring waves of infection.
Vietnamese customers like others in Southeast Asia are cautious about the near to medium-term market outlook given the growing risk of an economic recession in the US.
Domestic spot market immediately reacts to the stronger futures market even though buyers become more cautious, fearing the uptrend is unsustainable.
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