07 Sep 2023
In contrast to the firming trend observed in the import market, key domestic producers in Indonesia opted to reduce spot PET bottle offers
The bearish development on the futures market immediately impacted spot offers in the local market with LLDPE film inching CNY50/ton lower than the previous session.
Trading sentiment on the Shenhua auction platform remains strong toward the weekend thanks to the resilient Dalian Commodity Exchange.
05 Sep 2023
Vietnamese market participants returned from the long weekend National Day holiday to witness a fresh hike in import homo-PP offers from a key South Korean producer
05 Sep 2023 SPVC k67-68 SPVC (A) k67-68
Data from CommoPlast showed spot offers for both ethylene-based and carbide-based PVC are now at the highest levels since earlier this year.
The concept of “Golden September, Silver October” is further strengthened by the strong upstream costs and reduced sales pressure among local and international sellers.
While auction prices were largely unchanged from the previous session, buyers seemed more willing to place slightly higher bids to secure the cargoes, particularly for homo-PP.
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