30 Apr 2021
As reported earlier, the worsening COVID-19 outbreak in India is encouraging suppliers here to focus on the export market to compensate for the lackluster local demand.
Chinese players are not sanguine about the near-term market outlook citing the piling local inventories and the heavy influx of Iranian cargoes in recent weeks.
On the bright note, the pre-holiday inventory level is very much manageable, according to market sources.
There are very limited movement on the Shenhua auction platform on the final trading day of the week due to the fact that most players have left for the Labor Day holiday.
29 Apr 2021
This is the first time import homo-PP prices breach below the $1300/ton threshold in ten weeks, since the uptrend started in mid of February 2021.
The market is entering the holiday mood with calmer sentiment and thinner transactions compared to the previous day.
In spite of the limited movement in pricing, transactions for coal-based PP remain satisfactory on Shenhua’s Auction Platform.
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