30 Mar 2021
Transactions on the Shenhua auction platform improved significantly on the second trading day of the week, even though prices edge slightly higher
It is important to note that buyers are very selective and would only proceed with new purchases at the lower end of the overall price range.
29 Mar 2021
Malaysian market previously enjoyed comfortable availability of USA materials at local hubs, however, the absence of these cargoes for a prolonged period deprives buyers in this market of other choices but to seek local cargoes.
The new offers see an additional price reduction on PP cargoes as a result of weak demand and the continued weakening trend in the import ground.
Transactions on the Shenhua auction platform remain healthy on the first trading day of the week in spite of the firmer price levels.
Traders continue to face difficulties to conclude deals as buyers await further reports on the Suez Canal incident.
The Asian butadiene market plunged sharply on 26 March 2021 on the back on falling demand and growing supply from Southeast Asian and Indian suppliers.
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