28 Mar 2022
However, customers are on the wait-and-see again claiming to have comfortable stocks until after Ramadan.
28 Mar 2022 PPH Raf PPH Raf (CTO/MTO)
Explaining the decision, a source close to the trading house said that the shipping costs to Vietnam rise sharply in April while to Indonesia, the increases are merely one third or half of the hikes to the former.
Converters are operating at lower rates while combating the factory outbreak. Chinese players are generally not bullish about the near-term outlook
25 Mar 2022
Chinese bidders continue to scour the competitive cargoes on the Shenhua auction platform on the final trading day of the week as the producer agreed to a minor discount on homo-PP parcels.
Traders have yet to find solutions to the storage and cross-province delivery issues. Meanwhile, port congestions and rising ocean freight rates are hurdling export businesses.
24 Mar 2022
Chinese bidders rush back to the market to secure the cargoes on the Shenhua auction platform after the 5% surge in crude oil prices spurred expectations that sellers would attempt to lift prices further.
This is the first time since 3 March the domestic stocks fell below the 900,000 tons threshold and it is not because of an uptick in demand but from the mass operating rates adjustments since the beginning of the month.
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