09 Mar 2022
Trading sentiment, however, remains soft. Apparently, not many arbitrage traders are willing to off-take large quantities claiming the tightening cashflow following days of continuous purchasing.
08 Mar 2022
Trading sentiment on the Shenhua auction platform fell sharply even though the futures market continues to rise.
While the firming trend is much expected looking at the soaring crude oil market, the new offers are just too gnarl for the market.
Several traders told CommoPlast that warehousing fees are increasing due to limited space. Traders are under pressure to turn over the stocks, which encourages buyers to adopt a more cautious stance.
07 Mar 2022
Chinese bidders remain active on the Shenhua auction platform on the first trading day of the week, bearing bullish expectations on the near-term outlook.
Since last Friday, the producer has stopped all offers for PE. Besides, it is reported that the maker also cuts contract allocation by 10% for PE and between 10-20% for PP starting this week.
Following a long period of waiting on the sidelines, Indonesian customers flock back to the distribution market to make some last-minute replenishments in anticipation of tighter supply ahead.
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