20 Dec 2021
Transactions are strong on the first trading day of the week given the softer prices and the limited quantity available.
Indonesian customers continue to see sluggish end-product businesses even after the government lifted most of the movement restrictions for the Christmas and New Year holidays.
Surprisingly, responses from the market are rather positive. Buyers commented that the new offers are very much in-line with the current market levels, which is a rare move from the maker.
The stabilization reflects the latest development in the import ground. However, trading sentiment shows little sign of improvement as many manufacturers started to take off for the holiday
Traders are hoping that the futures contracts would persist on the firming tracks in the near term, which would stimulate trading activities in the spot market.
17 Dec 2021
Chinese bidders continue to make purchases on the Shenhua auction platform on the final trading day of the week regardless of the dwindling Dalian Commodity Exchange
Data from the National Bureau of Statistics showed 3.03% growth in PP, PE, and PVC production month-on-month, a trend that might persist in December.
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