04 Aug 2020
The hike emerged despite the improved spot availability as Saudi Arabia ended the voluntary cuts in crude oil production.
The number of deals recorded on the Shenhua Auction Platform this morning remains satisfactory despite the fact that prices have inched slightly higher.
Players are seeing a rather active sentiment in the domestic spot market on the back of strengthening futures trading.
03 Aug 2020
In the meantime, local traders are selling well below the price list, therefore, the market is expecting the producer to reduce prices further in order to attract deals.
Transactions on the auction platform remain satisfactory on the first trading day of the month with PP block copolymer and LDPE film are not available.
Trading activities are steady in the domestic spot market, yet, traders find it very difficult to implement additional increases in the face of reluctance buyers.
31 Jul 2020
Sentiment drops visibly on the final trading day of the week regardless of the positive economic data announced by the Chinese government.
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