15 Jan 2024
The recent recovery on the Dalian Commodity Exchange fueled expectations among Chinese customers that the downswing that has taken place since the start of 2024 may have reached the bottom.
The woven bag sector – the primary buyer of homo-PP yarn, has been struggling to pass on the rising raw material costs to their finished goods selling prices.
Despite the stronger futures contracts, trading sentiment in the domestic spot market remained soft throughout the morning session.
The Shenhua concluded the first auction session of the week with strong results even after the producer lifted homo-PP prices by CNY20/ton and LLDPE by CNY30/ton.
12 Jan 2024
Following an unexpected uptick in purchasing activities in the previous day, local producers decided to maintain spot PP and PE offers stable while buyers continue to secure additional cargoes.
Trading activities on the Shenhua auction platform surprisingly rebounded on the final day of the week motivated by the expectations among buyers that the recent downturn might have reached the bottom.
11 Jan 2024
The producer maintained low operating rates at their plants to counterbalance the sluggish demand conditions. Trading sentiment in the domestic spot market is lethargic.
Don't have an account? Register