10 Oct 2022
Spot PP and PE cargoes rose sharply over the weekend and at the time of this report, sellers seem to have obtained a clear view of the market acceptance.
Purchasing activities, however, declined sharply, once again signalling the lack of confidence among market participants to accept such abrupt price hikes.
08 Oct 2022
Offers for both PP and PE cargoes rose sharply with a satisfactory number of transactions observed, considering that the market has only partially returned.
Shenhua decided to return to the market earlier than others while offering discounts of CNY50/ton on deals for coal-based homo-PP and CNY150/ton on LLDPE.
07 Oct 2022
Indonesian customers have been highly cautious about making replenishment over the past several weeks on the renewed price war in the finished-product markets.
Just a few days ago, the post-Golden Week demand outlook was doused in uncertainties, but the situation seems to have changed drastically since the recent rally of the energy complex.
04 Oct 2022
Several medium-scale manufacturers claimed to have stocked up comfortable inventories until first half of December and prefer to monitor the demand condition in China after the Golden Week before making any other decisions.
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