11 Jan 2024
Following several days of continuous price reductions, Chinese buyers finally returned to the market for restocking ahead of the weekend.
Compared to the previous trading session, the transactions on the Shenhua platform improved sharply thanks to the producer’s effort to adjust the prices to attract customers.
10 Jan 2024 PPH Raf
However, the two consecutive downward price adjustments this week from Chinese sellers signal the possibility that the recent rally might have reached a peak.
10 Jan 2024
Despite the slower inventory digestion rates, sources said the current stock levels are well under control, which discourages producers from introducing any drastic price reductions
Following two consecutive sessions of dwindling sales results, Shenhua continued to lower auction prices for LLDPE by CNY50/ton while maintaining homo-PP unchanged.
09 Jan 2024
In contrast to the futures market, the domestic spot market continues to track a softening trend with LLDPE film offers witnessing larger reductions.
The dwindling Dalian Commodity Exchange since the market returned from the New Year holiday sap all risk appetite despite Shenhua’s constant effort to adjust deal prices to make their cargoes attractive.
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