30 Dec 2021
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
Explaining the continuous price increments, market sources said that domestic supply might remain tight throughout the first quarter of next year
Traders decided to make small replenishment in anticipation of a firmer trend ahead considering the low inventory pressure among domestic producers.
29 Dec 2021
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries
Sources expected the buying sentiment to pick up this time as manufacturers continue to prepare for the Lunar New Year demand.
Both local and import markets have been facing a tough time registering any strong gains over the past month. Buyers immediately withdraw to the sideline at the very first signs of higher offers, not even willing to negotiate.
There have been reports that local producers are slowly winding down the sales process in order to close the year-end sales. It is expected that the market would kickstart the new year on a strong note.
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