06 Nov 2024
Chinese buyers were notably active in today’s market, with Shenhua’s auction session ending on a strong note. This performance comes despite declining key futures contracts on the Dalian Commodity Exchange and a CNY 50/ton increase in coal-based LLDPE film cargo prices.
05 Nov 2024 SPVC k67-68 SPVC (A) k67-68
India remained the largest importer of Chinese PVC during this period, accounting for 54% of China’s total exports. Indian importers have steadily increased their purchases since anti-dumping duties were lifted in February 2022.
05 Nov 2024
Among the affected currencies, the Malaysian Ringgit saw the steepest decline, falling by 6.3% against the dollar in October. In response, a prominent Malaysian producer raised November PP and PE offers
05 Nov 2024
05 Nov 2024
The introduction of a CNY50/ton discount provided a temporary boost in buying interest for homo-PP. Meanwhile, demand for LLDPE held steady, driven mainly by constrained supply and seasonal demand from the agricultural film sector in northern China.
04 Nov 2024
Despite these adjustments, the Indonesian market has largely remained unresponsive to the latest offers. Buyers appear to have completed their restocking activities and are now adopting a wait-and-see approach, which underscores a lack of urgency in the market.
04 Nov 2024 BOPP PPH Inj PPH Raf
The decision to lower export prices comes as a surprise, especially given that these producers had previously asserted that there was no real inventory pressure. Compounding this situation is the recent appreciation of the Yuan, which strengthened to 7.09 against the US dollar on November 4
