17 Mar 2022
Shenhua auction platform concluded the trading day with a mediocre number of transactions as the producer attempted to lift deal prices.
The stronger futures market in addition to the mass production cuts allows suppliers to maintain a firmer stance on spot PP and PE offers.
16 Mar 2022
With the sharp discounts on deal prices, Chinese bidders are more willing to off-take the cargoes on Shenhua auction platform today.
Traders have more risk appetite as COVID-19 control measures are not as strict as expected, which lightens the market prospect.
15 Mar 2022
Shenhua auction platform concluded the second trading day of the week with a small number of deals after the producer agreed to lower the final prices.
The rapid and fluid market development, unfortunately, keep most buyers on the sidelines amid the expectations that trading sentiment could remain sluggish in the next couple of weeks, if not until early April.
14 Mar 2022
Chinese bidders remain inactive on the first trading day of the week as the government imposes lockdown at Shenzhen, threatening the demand outlook.
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