03 Oct 2022
A major local producer in Indonesia has lifted spot PP and PE offers for a second week in a row on the back of the steep depreciation of the Rupiah against the US dollar.
30 Sep 2022
On the final trading day of the month, however, Shenhua continues to place some quantities for homo-PP and LLDPE on the auction platform at CNY100-150/ton increase from the previous session.
Traders are scouring both local and import grounds for competitive parcels in expectations that the post-holiday demand conditions might actually pick up.
Local traders are scouring the market for competitive cargoes for the concerns that the post-holiday demand condition might actually pent up.
29 Sep 2022
Transactions on the Shenhua auction platform remain strong toward the end of the week without any price adjustment from the producer. Traders are monitoring closely for some last minutes replenishment activities.
Interestingly, Chinese buyers are returning to the market for last minutes replenishment, reflected in the strong number of deals on Shenhua auction platform for coal-based PP and PE parcels.
28 Sep 2022
Trading activities on the Shenhua auction platform improved significantly by mid of the week after the producer stepped back on the deal prices for both PP and PE cargoes.
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