16 Nov 2022
Apparently, demand for LLDPE remains relatively stronger than homo-PP, though, with CNY50/ton discount on deals compared to the previous session did help to attract LLDPE customers.
15 Nov 2022
The rapid uptrend started to face resistance. Local suppliers complained of visible drop in sales since the beginning of this week, hence the reduction in spot PP cargoes.
While the number of transactions for homo-PP has fallen from the previous session, Chinese buyers continue to search for competitive LLDPE cargoes thanks to the firming Dalian Commodity Exchange.
14 Nov 2022
Data from the National Bureau of Statistics showed that the local petchem outputs rose 8.2% compared to September and 10.5% compared to October 2021.
A major local producer in Indonesia opened a fresh weekly PP and PE price list with additional decreases over the weekend, marking the third consecutive week of downward adjustment
Higher spot PP and PE prices started to face resistance; however, sellers do not seem in rush to make any downward adjustment.
The number of transactions on the Shenhua Auction Platform improved sharply compared to the previous session even though deal prices for both homo-PP and LLDPE are CNY210/ton and CNY250/ton higher.
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