19 Jun 2024
A confluence of factors supported the strong auction results this morning, including the rebounded futures contracts on the Dalian Commodity Exchange, strong domestic spot market, and limited import offers.
18 Jun 2024
A major Taiwanese producer has opened a fresh price list for the month in increases, which is well expected. However, the drastic price hike differential between the markets caught buyers by surprise.
The firmer key futures contracts on the Dalian Commodity Exchange failed to stimulate buying interest.
In spite of the poor performance the previous day, Shenhua did not make any major adjustments in auction prices
17 Jun 2024
According to market sources, weak demand coupled with the presence of more attractive cargoes in the distribution and import market weighed heavily on the homo-PP sector.
A series of disappointing macroeconomic data from industrial outputs to property investment, underline the weakness in the Chinese economy.
While coal-based homo-PP cargoes achieved a relatively satisfactory number of transactions, the demand for LLDPE was battered by the weak futures contracts on the Dalian Commodity Exchange and the unattractive pricing set by the coal-based producer.
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