17 Jan 2022
While domestic producers maintain spot PP and PE offers on the stable to firmer track on the first trading day of the week, traders reported mediocre purchasing activities
14 Jan 2022
Chinese bidders remain active in making replenishment on the final trading day of the week, though deal prices are slightly lower than the previous session.
14 Jan 2022 SPVC k67-68 SPVC (A) k67-68
In spite of the firmer local market, Chinese market participants believed that international sellers would have to concede to large discounts on February shipment offers to achieve deals.
Replenishment activities have been strong throughout the week, posting question among market participants if the current trend would sustain in the coming week
13 Jan 2022
Chinese bidders seem more willing to accept minor increases in today’s auction session, leading to a rather satisfactory sales result for most of the available cargoes.
Purchasing activities are reported mediocre. The rising number of COVID-19 infection cases prompted state governments to implement strict measures while ordering industries to operate at lower rates.
In three trading days, local inventories dropped 90,000 tons underlining the fact that buyers are making pre-holiday replenishment.
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