05 Jan 2024
In the meantime, market participants also monitor the implementation of the quality control measures on HDPE cargoes in India.
In fact, data from CommoPlast showed spot PP thermoforming currently traded in the local Indonesian market at about 22 – 25% higher than the PET bottle prices.
Key PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session with additional losses as investors become sceptic about the prospect of the FED cutting interest rates in March
A series of other pipe makers have been operating at substantially lower rates over the past several months amid the weak global economy and the local property market turmoil.
In an interesting development, Chinese bidders continued to shy away from coal-based homo-PP on the final trading day of the week despite the CNY100/ton discount the producer provided on the auction prices.
04 Jan 2024
On the other hand, buyers actively survey the market for more attractive alternatives while cautiously making hand-to-mouth purchases.
Trading sentiment on the Shenhua auction platform remained dwindling toward the weekend and despite the 100% deals reported for coal-based LLDPE film cargoes, it is important to note that auction quantity for this grade stood at merely 500 tons.
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