22 Nov 2021
Even with the large reductions, Vietnamese buyers remain reluctant to proceed with new purchases on the concerns over the long shipping time and the still high prices.
While buyers might be more interested in the PE cargoes due to the lack of availability from other sources, it is expected that homo-PP parcels would face stiff resistance
Offers for both PP and PE in the distribution market are way more competitive, which could force the producer to introduce additional decreases moving forward.
The 2201 for January 2022 delivery contract on Dalian Commodity Exchange on 22 November 2021 settled as follows:
It is reported that Chinese manufacturers are not very much into the spot cargoes but looking for longer delivery parcels at lower price levels.
19 Nov 2021
Transactions remain dwindling on the final trading day of the week as buyers prefer to wait for clearer market direction in the coming week after having secured comfortable stocks in the previous sessions.
Several manufacturers said that the weakness in the energy complex coupled with the declining upstream ethylene and propylene costs are eroding the market confidence.
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