16 Jun 2020
Local traders continue to find it difficult to implement any major price hike citing stiff resistance from the market.
15 Jun 2020
Transactions on Shenhua Auction Platform improved substantially compared to the previous week as deal prices softened slightly.
Most traders have expressed the willingness to negotiate with serious buyers due to sluggish demand condition.
12 Jun 2020
In recent days, sellers are attempting to digest the excess PP fiber cargoes by bundling with PP yarn, however, purchasing interest remain timid.
Transactions on the Shenhua Auction Platform dropped significantly on the final trading day of the week as buyers withdraw to the sideline.
Buyers aggressively asking for discount citing the fall in the energy and futures market, however, sellers refused all large price cuts citing the lack of inventories pressure
11 Jun 2020 SPVC k67-68
Buyers accepted the hike considering the firm upstream costs and the lack of supply from both local and international suppliers yet remain cautiously optimistic about the near-term outlook.
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