26 Sep 2022
Demand for spot cargoes remains sluggish on the first trading day of the week, however, sellers do not seem in rush to slash prices citing the manageable domestic stocks.
25 Sep 2022
Meanwhile, the renewed price war in the end-product market, especially PE packaging, would likely to keep customers on the sidelines.
23 Sep 2022
Deals for PE are particularly strong, however, sources said that the substantially reduced availability contributed to the high percentage of transactions.
The pre-holiday replenishment activities appear not up to expectation this week, but Chinese sellers are hopeful of the trading sentiment in the coming week.
22 Sep 2022
Purchasing activities on the Shenhua auction platform pick up significantly toward the end of the week, shrugging off the decline in global energy market.
Market players added that the continuous price cuts also reflect the heightened competition in the export ground, especially re-export parcels that are priced at well below Zhongjing’s price list.
The domestic spot market shrugged off the drop in energy complex to focus on the latest stimulus package from the government that aimed to boost the economy.
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