20 Sep 2023
Even though Shenhua allocated smaller PP and PE allocations to the auction session, the deals concluded were still disappointing.
19 Sep 2023
Apparently, the recent uptick in sentiment in the local China market following a series of stimuli from the government to support the housing market here failed to elevate the regional fundamentals.
Key PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session with sharp increases, driven mainly by the rally in crude oil and coal prices.
. In spite of the higher deal prices, Shenhua managed to sell off all available homo-PP and LLDPE allocations.
18 Sep 2023
The regional PP market continues to be driven upward by the rising upstream costs and with the tightening global crude oil supply, the cost outlook for PP plants also increases.
Besides the strong upstream costs, the depreciating Rupiah against the US dollar also justified the latest hikes, market sources said.
The Dalian Commodity Exchange began the week on a bearish note as concerns over the property market overshadowed the uptick in industrial output and retail sales activities.
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