08 Nov 2023
In spite of the large reductions, Vietnamese customers remain reluctant to proceed with purchases at the time of this report.
Chinese buyers have been expecting reductions in PP and PE prices citing the lethargic demand and the steep dive in crude oil prices.
Following the nosedived crude oil prices and the weaker futures market, Chinese bidders refrained from securing additional coal-based cargoes from the Shenhua auction platform
07 Nov 2023
Key PP and LLDPE contracts opened on a firm note but retreated sharply by the mid-day break following the worse-than-expect export data in October.
Trading activities on the Shenhua auction platform defied the weaker futures market to achieve a satisfactory number of transactions on the second day of week.
06 Nov 2023
The price decision is supported by the recent rebound on the Dalian Commodity Exchange that elevate domestic ground in China.
While the weaker US dollar has a role in the latest price decision, sources believed that the cuts are inevitable considering the fact that import offers
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