04 Aug 2020
Activities such as travel, events, meeting and school are still restricted, which curb end-product demand substantially.
The hike emerged despite the improved spot availability as Saudi Arabia ended the voluntary cuts in crude oil production.
The number of deals recorded on the Shenhua Auction Platform this morning remains satisfactory despite the fact that prices have inched slightly higher.
Players are seeing a rather active sentiment in the domestic spot market on the back of strengthening futures trading.
03 Aug 2020
In the meantime, local traders are selling well below the price list, therefore, the market is expecting the producer to reduce prices further in order to attract deals.
Transactions on the auction platform remain satisfactory on the first trading day of the month with PP block copolymer and LDPE film are not available.
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