12 Jan 2022
Market participants are optimistic that trading sentiment would improve by the second half of February as preparation for Ramadan takes place.
11 Jan 2022
The Shenhua auction platform ended the session at a higher note compared to the previous day, in terms of both prices and percentage of deals.
Most traders, including arbitrage traders, are carrying low levels of inventories and seem eager to restock once prices are right.
10 Jan 2022
Chinese bidders appear less interested in making replenishment on the first trading day of the week, reflected in the disappointing percentage of deals for homo-PP
Market sources said that the flare up in COVID-19 infection cases and the strict environment control measures might impact the production activities in January this year.
For the second time since the beginning of January, a key local producer in Indonesia implemented increases on spot PP cargoes citing the tightening availability
There are no supports for a rebound in the coming weeks, hence, customers are not in rush to book large purchases
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