04 Jun 2021
The minor discounts traders offer on both PP and PE cargoes are unable to attract customers, especially in Southern China.
Transactions fell sharply on the final trading day of the week although prices have not changed much from the previous session.
03 Jun 2021
Market players believed that the local production output for PP and PE might continue to improve in June now that the peak of the maintenance shutdown season has passed.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
The stiff resistance from the market prompted local suppliers to step back on the spot prices on both PP and PE cargoes, yet customers continue to portray the lack of buying interest.
Sentiment on the Shenhua Auction Platform remained satisfactory toward the end of the week, reflected in the strong number of deals concluded.
02 Jun 2021
The reduction is in line with the weakening sentiment across the Southeast Asia region as a result of the new wave of COVID-19 restrictions and the large location gap with China market.
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