28 Jun 2021
The development has also encouraged local traders to withhold the on-hand cargoes hoping to achieve deals at higher price levels in the coming days.
A number of manufacturing plants have informed CommoPlast of having shut down at least 2 weeks for sanitization after detected infection cases in the company.
Although spot PP and PE prices have yet to register any real increases, local suppliers are monitoring the movement very closely, now that some industries are returning to work that would elevate consumption.
Trading sentiment in the domestic spot market has not shown any changes during the early hours of the first trading day of the week.
The producer continues to allocate only a small quantity for both homo-PP and LLDPE to the auction session.
25 Jun 2021
The domestic market continues to track the stable to firmer trend as suppliers leverage the bull run on the Dalian Commodity market.
Throughout the week, the producer allocates a limited number of cargoes to the auction platform, which raises many questions among bidders.
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