13 Jun 2022
The upbeat sentiment observed earlier last week has totally dissipated after part of Shanghai and Beijing returned to lockdown following a flare-up in the infection cases.
Up to late last week, transactions for PP and HDPE in the domestic distribution market remained satisfactory, though most buyers are small-scale manufacturers.
Market confidence in the near-term outlook is dissipating rapidly on the concerns that more areas would be placed under movement restrictions as the authorities escalate testing and contract tracing.
10 Jun 2022
Transactions on the Shenhua auction platform fell sharply on the final trading day of the week as the partial lockdown in Shanghai and Beijing dampened market confidence in the near-term outlook.
Dalian Commodity Exchange is not the only trading platform suffering from the latest development, but also the Shenhua auction.
09 Jun 2022
Although the number of transactions has declined slightly from the previous session, Chinese bidders continue to portray strong buying interest on the Shenhua auction platform.
Obviously, customers reject the new offers. But all producers are working to lift prices up because their profit margins have been squeezed for quite some time now.
Don't have an account? Register