10 Mar 2020
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.
Traders are open to negotiation with serious buyers and deals are concluded at the lower end of the overall price range.
09 Mar 2020
The collapse of the energy complex spooks regional PP and PE players, who are now withdrawing further to the sideline to assess the new development.
Given the drastic plunge in the energy complex, buyers become more cautious about new purchases at the moment.
Dalian Commodity Exchange for PP and PE reached the maximum daily drop limit of 4% following the global equity market.
These cargoes were initially meant for March 2020 arrival, however, the last shipping date for some parcels to Vietnam has been rescheduled.
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