19 Apr 2022
Chinese buyers remain bullish on the second trading day of the week, willing to off-take coal-based cargoes from the Shenhua auction platform as the Dalian Commodity Exchange extended the firming trend.
In the meantime, it is important to note that a large of Vietnamese buyers remained cautious about the near-term outlook, hence, refraining from making large purchases.
The logistics bottleneck started to ease as sellers are now able to deliver the previously locked-up parcels.
18 Apr 2022
Chinese bidders returned to the market on the first trading day of the week after the futures market rebounded from the previous session.
A Taiwanese producer unexpectedly cuts May PVC shipment offers, shrugging off the rising upstream crude oil prices that were initially expected, together with the reduced allocations that would support firmer prices.
Buy ideas for LLDPE film among Vietnamese customers are below the $1350/ton threshold at the time of this report.
The Indonesian market is officially off from 28 April to 8 May; however, converters have been gradually winding down operations since the previous week claiming the lack of end-product orders.
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