13 May 2021
The rapid price fall in the local ground is expected to force international suppliers to substantially cut June shipment offers to India in the coming week.
Buyers cautiously proceeding with additional purchases but tend to negotiate fiercely for discounts considering the fluctuating Dalian Commodity Exchange.
The number of transactions remains satisfactory for PP cargoes though prices remain largely unchanged from the previous session.
12 May 2021 SPVC k67-68 SPVC (A) k67-68
In the meantime, buyers are purchasing cautiously, hoping for some price reductions ahead, especially with the absence of Indian customers due to the COVID-19 outbreak.
12 May 2021 PPH Inj PPH Raf
The rebounded local market has somewhat stimulated demand for import materials, encouraging international suppliers to hold a firmer stance on the prices to reflect the positive development.
12 May 2021
PP and LLDPE contracts for September delivery on Dalian Commodity Exchange registered significant rebound throughout the morning session, boosting sentiment in the local ground.
Sentiment picks up by mid of the week, reflected in the strong number of transactions observed on Shenhua’s auction platform.
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