21 Jun 2023
In fact, Chinese suppliers have been heavily focusing on serving the domestic demand since the beginning of the week, leveraging the stabilizing market trend, and improving purchasing interest.
Trading activities on the Shenhua auction platform remained relatively strong on the final trading day of the week as bidders are highly motivated by the resilient Dalian Commodity Exchange.
20 Jun 2023
Domestic suppliers shrugged off the soft futures market to maintain spot PP and PE offers largely unchanged from the previous session on the back of the sharp inventory reductions.
Chinese bidders remained enthusiastic about making replenishment on the Shenhua auction platform, driven by the resilient futures market and reduced auction volume.
19 Jun 2023
Key PP contracts for September delivery on Dalian Commodity Exchange gained CNY60/ton at the opening hours on Monday, 19 June 2023 thanks to the rebound on the energy complex
It is not surprised to see the PE market started gaining stabilization considering the relatively stable demand for these grades in Indonesia over the past months.
The short trading week is highlighted by the potentially no significant measures by the government to stimulate growth, which means spot PP and PE offers might remain rangebound.
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