06 Dec 2022 SPVC k67-68 SPVC (A) k67-68
Reduced inventory pressure among major producers is cited as the primary support while sellers are also betting on the recovering property market after authorities and banks pledged their support for the sector.
06 Dec 2022
The entire market is calm throughout the morning session, partly because buyers take a step back to assess the outlook after completing a round of replenishment last week.
Chinese bidders abruptly dropped purchases for homo-PP on the Shenhua auction platform following the retreat on Dalian Commodity Exchange.
05 Dec 2022
Over the weekend, a major local producer in Indonesia opened a new weekly price list with additional increases on spot PP cargoes, mirroring the active replenishment activities in the nearby China market.
While domestic suppliers lifted spot PP and PE prices to reflect the firming Dalian Commodity Exchange and the bullish sentiment associated with the easing COVID-19 controls
Chinese bidders continue to portray a strong purchasing interest on the first trading day of this week after the government lifted COVID-19 restrictions in more cities
02 Dec 2022
However, spot demand is coming back. After a wave of strong replenishment activities in China, the Asian market is now witnessing the return of Indian customers after months of adopting a cautious stance.
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