11 Apr 2022
Unlike the sluggish trading sentiment on the futures market, local sellers reported having achieved satisfactory number of deals after stepping back on spot PP and PE offers.
08 Apr 2022
Chinese bidders continue to stay on the sidelines on the final trading day of the week, as the worsening COVID-19 outbreak threatens the demand outlook.
Traders told CommoPlast of having been able to achieve a good number of transactions after cutting the prices to customers in non-lockdown areas.
07 Apr 2022
Chinese traders adopted a more cautious stance right after the previous day rally as the escalating COVID-19 infection cases coupled with the plunging crude oil dented the market confident.
Thanks to the removal of anti-dumping duties imposed on Chinese cargoes in India, Chinese producers can now have the same opportunities as other suppliers in this market.
Buyers have made some purchases in the previous session and prefer to wait for delivery instead of jumping straight to new buys. Sources reported significantly weaker deals today.
06 Apr 2022
The auction session concluded the first trading day after the long weekend holiday on a strong note, taking into account the number of transactions achieved.
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