23 Oct 2023
Trading sentiment is rather heavy at the start of the week. Buyers continued waiting on the sidelines citing the ongoing weakening trend in the international market.
An increasing number of market participants has expressed bearish expectations on the near-term outlook citing the soft demand regionalwide.
In spite of a firm futures market, transactions on the Shenhua auction platform are rather disappointing on the first trading day of the week.
20 Oct 2023
Even though the crude oil market has regained some earlier losses due to the Israel – Hamas conflict, the depreciating Rupiah against the US dollar makes imports more expensive at the moment.
Spot PP and PE offer registered CNY50/ton ($7/ton) increase from the previous session thanks to the strong Dalian Commodity Exchange.
Key PP and LLDPE contracts on the Dalian Commodity Exchange continued to climb higher during the early hours on Friday, which helped to stimulate trading activities on the Shenhua auction platform.
18 Oct 2023
This morning, the Dalian Commodity Exchange for PP and LLDPE is experiencing a stable but weak trend, which is affecting buying activities in the local market...
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