27 May 2024
Despite the continued rising futures contracts on the Dalian Commodity Exchange, Shenhua decided to roll over deal prices from the previous session, except LLDPE gaining just CNY10/ton
25 May 2024
The rally in the futures market at the beginning of the week on bullish expectations over the property market encouraged Chinese PET suppliers to lift export offers by $15 – 20/ton week-on-week.
24 May 2024
The prevailing consensus is that spot offers need to decrease by at least another CNY100/ton to get better market engagement.
After a disappointing trading session yesterday, all three traded commodities on the Shenhua Auction Platform came out stronger today with deals achieving above 94%.
23 May 2024
Across Southeast Asia, market participants closely monitor the recent upsurge in Chinese PP offers and the rising shipping costs.
While official homo-PP offers from local producers are stable from the previous session, traders are open to negotiation with serious buyers.
In a bold move, Shenhua decided to lift auction prices by CNY50/ton for homo-PP and CNY30/ton for LLDPE from the previous session against all the odds.
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