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China Morning Snapshot – 26 August 2021
26 Aug 2021 Dalian Commodity Exchange fell back to the negative territory on the revived concerns over the COVID-19 outbreak and the fully reopen of the Zhoushan port that would boost local supply.
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26 Aug 2021

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After injection grade, homo-PP yarn comes crashing in Vietnam

These sellers have been maintaining a firm stance on the cargoes over the past week hoping demand would return once the country puts the current outbreak under control.
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26 Aug 2021

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26 August 2021: Auction sales result for Shenhua's coal-based PP and PE

Transactions on the auction platform continue to decline toward the end of the week in spite of the little changes in prices.
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25 Aug 2021

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Indonesia’s local homo-PP market hit 2021’s new lows on weak demand

In spite of the fact that the Indonesian government has been easing the lockdown measures amid the declining number of COVID-19 infection cases, demand slows to pick up.
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25 Aug 2021

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Import LLDPE film breached below $1200/ton threshold in Vietnam

Vietnam has extended the strict movement restrictions in the epic center of Ho Chi Minh city until 15 September, as the number of daily infection cases continues to rise.
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25 Aug 2021

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Facing resistance, Qatari producer steps back on PE offers to China

Sluggish demand, stiff resistance, and downward pressure from the competitive local market are the primary factors forcing a key Qatari producer to step back on the weekly PE offer to China, particularly for LLDPE film grade.
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25 Aug 2021

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China Morning Snapshot – 25 August 2021

The reopening of the Meishan terminal at the Ningbo-Zhoushan port – the world’s third busiest container port would allow buyers to unload parcels that were stuck at the port over the past two weeks.
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25 Aug 2021

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25 August 2021: Auction sales result for Shenhua's coal-based PP and PE

The producer allocated a smaller allocation to the auction session today, however, the transactions are not as strong.
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