06 Nov 2023
The Shenhua auction platform ended the week on a strong note thanks to the continuous firming Dalian Commodity Exchange.
03 Nov 2023
With the latest hikes in the upstream propane costs, Chinese PP producers are especially eager to keep prices firm.
02 Nov 2023
Besides, the currency exchange rate issue plays an important role in the large price cuts since trades are done in the US dollar.
Although the futures market remains on the softening track, local suppliers refused to introduce large price reductions on the back of the already squeezed margins.
Chinese bidders turned cautious on the Shenhua auction platform, resulting in reduced transactions, particularly for homo-PP
01 Nov 2023
Data from CommoPlast showed within 2023, China welcomes six new PET plants with a combined capacity of 3.8 million tons/year.
Surprisingly, local suppliers decided to keep spot PP and PE offers on the stable to softer trend, against the firmer futures market.
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