28 Jul 2021
The recent surge in LLDPE film prices in Vietnam attracts a number of export/re-export cargoes from the nearby China market, signalling the flat demand in China.
The rebound on Dalian Commodity Exchange encourages buyers to return to make some replenishment, though with caution.
In spite of the large increases, sources said that the producer’s latest offers are in-line with the market levels while attempting to negotiate for discounts on deals.
Transactions remain strong by mid of the week on the Shenhua auction platform, indicating confidence among Chinese bidders.
27 Jul 2021
Despite the large increases, prices to China remain well below other regions, hence market sources expect the supplier diverts more cargoes to higher margins markets.
The buying sentiment in Malaysia has been dwindling for weeks because manufacturers have either slashed operating rates or even shut down in compliance with the Movement Control Order (MCO).
As expected, trading sentiment in the domestic spot market remains soft on the second trading day of the week.
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