22 Jul 2024
This marks the third consecutive month where the producer has set HDPE prices below those of LLDPE film, highlighting the persistent supply and demand disparity between the two grades. This pricing trend, prevalent in Southeast Asia, mirrors the situation in China.
22 Jul 2024 PPH Inj PPH Raf
22 Jul 2024
22 Jul 2024
Shenhua Auction Platform kickstarted the new week on a disappointing note as bidders shied away from new purchases following the steep fall on the Dalian Commodity Exchange. The Third Plenum meeting outcome fell short of market expectations, eroding confidence in the near-term outlook.
19 Jul 2024 LD Film
At least five LDPE units, with a combined annual output of 940,000 tons, have resumed or are scheduled to resume operations in July. Additionally, a surge in import arrivals has further bolstered local spot availability.
19 Jul 2024
The conclusion of the Third Plenum meeting without specific economic stimulus guidelines further dampened market confidence in the near-term outlook. The absence of clear policy direction leaves market participants grappling with uncertainty, contributing to the prevailing bearish sentiment.
19 Jul 2024
Shenhua concluded the final auction session of the week on a soft note despite escalated efforts to stimulate buying interest. Chinese bidders remained cautious, prioritizing concerns about the bleak near-term outlook and declining futures trading over the seemingly attractive auction cargo.
