16 Dec 2021
Shenhua continues to allocate smaller than usual quantities for the auction session as the producer steps back on deal prices from the previous session.
Chinese buyers reported having received fresh PE offers for January loading with a reduction of $20/ton compared to the previous month following the general market development across the Asia region in recent weeks.
The flare-up of COVID-19 infection cases in Dongguan City that cause logistic restrictions might further dampen demand, which continues to erode market confidence.
15 Dec 2021
Although the number of transactions dropped slightly compared to the previous trading session, the percentage remain healthy regardless of the soft Dalian Commodity Exchange.
Arbitrage traders withdraw to the sidelines, awaiting further development while the increasing number of infection cases has prompted logistic constraints.
14 Dec 2021
Given the competitive prices and the limited availability, the number of transactions picked up drastically from the previous session.
However, the mass of the market remains cautious about the near-term outlook citing the recent flare-up of COVID-19 infection cases in Ningbo and Zhejiang.
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