03 Mar 2020
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.
Most cargo takers are arbitrage traders while manufacturers continue to put effort to restore the operating rates.
02 Mar 2020
This is the second price reduction in a row following months of the rally since October 2019.
The reduction emerges regardless of the steep depreciation of the local currency against the US dollar.
Chinese manufacturers continue to speed up the process of bringing back workers in order to restore normal operation rates.
28 Feb 2020 PPH Raf
The intense downward pressure seems eased at the moment thanks to the depreciated Indonesian Rupiah against the US dollar that encourages buyers to return to the market.
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