13 Oct 2021
Dalian Commodity Exchange extended the weakening trend for the second straight session, shrugging off the deepening coal shortages and the robust export data for September.
The weakening Dalian Commodity Exchange started to exert an impact not only on the Shenhua auction platform but also on the domestic spot market.
The falls were attributed to the deepening coal and electricity shortages that have been affecting the manufacturing in the country in general.
13 Oct 2021 PPH Inj PPH Raf
“Now that the Chinese market gallops into a correction. It is even more difficult to convince Vietnamese customers to accept higher price levels," a market source commented.
13 Oct 2021 SPVC k67-68 SPVC (A) k67-68
Market participants said that the corrections are necessary because the previous hikes were mostly due to speculation activities and many converters are unable to increase end-product prices quickly enough to cover the rise in raw material costs.
12 Oct 2021
The domestic PP and PE market dropped slightly to reflect the weakness in the futures trading, pushing market participants to the sidelines to wait for further development.
Transactions have fallen sharply on the second trading day of the week as Dalian Commodity Exchange registered the first reductions in days.
Don't have an account? Register