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.
17 Dec 2021 SPVC k67-68
It is reported that demand from the construction sector has yet to recover from the pandemic even though the government has been escalating the effort to reopen all of the economic sectors.
The higher offers bumped into resistance, especially in the presence of a series of lower import cargoes in the recent days.
16 Dec 2021
Shenhua continues to allocate smaller than usual quantities for the auction session as the producer steps back on deal prices from the previous session.
Chinese buyers reported having received fresh PE offers for January loading with a reduction of $20/ton compared to the previous month following the general market development across the Asia region in recent weeks.
The flare-up of COVID-19 infection cases in Dongguan City that cause logistic restrictions might further dampen demand, which continues to erode market confidence.
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