07 Jun 2021
The drop is expected to pressure other suppliers to step back on the prices in the coming days, from which buyers become more cautious in proceeding with new purchases immediately.
Eight cities in central Java have been placed under strict lockdown to break the infection chain, which also reduced the need among manufacturers to make replenishment.
It is reported that the electricity issues in the Southern China area have been eased with manufacturers are now allowed to operate six days a week.
Trading sentiments on Shenhua Auction Platform fell sharply on the first trading day of the week in spite of the resilient energy complex.
04 Jun 2021
The minor discounts traders offer on both PP and PE cargoes are unable to attract customers, especially in Southern China.
Transactions fell sharply on the final trading day of the week although prices have not changed much from the previous session.
03 Jun 2021
Market players believed that the local production output for PP and PE might continue to improve in June now that the peak of the maintenance shutdown season has passed.
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