08 Aug 2022
Meanwhile, all eyes are on the electricity rationing in the manufacturing hub of Zhejiang, which could hurt demand.
04 Aug 2022
Trading activities on the Shenhua auction platform fell sharply toward the end of the week following the plunge on Dalian Commodity Exchange.
At the time of this report, Chinese customers have already scooped up all LLDPE film quantities while being reluctant toward the LDPE film cargoes.
In an unusual price announcement, a major local producer in Indonesia lifted spot PP prices to reflect the firming trend observed in the import market across China and Southeast Asia region this week.
The renewed weakening domestic market is expected to affect demand for import materials, of which, non-dutiable homo-PP yarn is now available at $1030-1035/ton CFR China terms.
03 Aug 2022
Chinese bidders continue to show strong interest in homo-PP cargoes even though Shenhua has lifted deal prices slightly from the previous session to reflect the smaller allocation.
Sources said that the local demand for PVC was weak considering the deepening property market turmoil. However, carbide-based PVC producers had the cost advantage
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