08 May 2024
The Northeast Asian ethylene market took a dive over the past trading days, touching the lowest levels since early January 2024 on the back of weak demand conditions.
08 May 2024 PET Bottle
Market sources said some Chinese suppliers have wrapped up May businesses and started offering June loading cargoes at the new price levels.
Following the development, local traders observed a decline in sales throughout the morning session as local customers pushed back against the rising spot offers from suppliers.
All available commodities had deal prices that were marginally higher but still able to fetch good end figures suggesting market acceptance.
07 May 2024 SPVC k67-68 SPVC (A) k67-68
While the immediate impact on the market is limited, Chinese PVC suppliers took this as a positive signal that the demand might be improving moving forward.
07 May 2024
According to a number of local traders, sales dwindled throughout the morning session with customers engaging in aggressive negotiations.
This surge can be attributed to several factors, prominently the resurgence of the futures market.
Don't have an account? Register