15 Nov 2023
Trading sentiment on the Shenhua auction platform improved significantly thanks to the support from the rebounding Dalian Commodity Exchange.
14 Nov 2023
After receiving poor responses from the market to December shipment offers in the previous week, a key Malaysian producer agreed to step back on the price list
Customers once again, flock to the Shenhua auction platform to secure the coal-based PP and PE cargoes at more attractive price levels while waiting for regular material prices to drop further.
Following a dive on the first trading day of the week, purchasing activities on the Shenhua auction platform rebounded sharply in today’s session.
13 Nov 2023
Zhongjing Petrochemical decided to reduce export PP offers by $5/ton from the previous week despite the substantially lower operating rates.
According to market participants, the latest price adjustments, while reflecting the market movement, appear unattractive to many converters.
Key PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session with three-digit drops as investors retreated to the sidelines amid the liquidity crunch.
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