09 Dec 2022
Following the drastic easing of COVID-19 controls, market players expect municipal governments to introduce stimulus packages to push consumption ahead of the Lunar New Year.
Market participants said that the strong auction results clearly indicated the ongoing restocking activities, though buyers remained selective in terms of prices.
08 Dec 2022
The total PP and PE stocks at Sinopec and CNPC’s warehouses are rather manageable, and many traders are having low on-hand stocks after months of refraining from stocking up materials.
Toward the weekend, Shenhua softens its stance on auction prices, agreeing to CNY20-50/ton discounts to entice demand.
07 Dec 2022
A major Taiwanese producer has opened January shipment offers for PVC with large increases of between $70-90/ton compared to December, which is very much expected
Although customers become more selective in which prices to accept, a satisfactory number of deals has been recorded on the second trading day of the week.
Trading sentiment in the domestic spot market dims drastically following the sharp drop in the futures market and crude oil prices.
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