29 Mar 2022
Amid the gloomy near-term demand outlook, domestic producers keep spot PP and PE offers largely stable from the previous day claiming to have achieved the sales target for the month of March.
28 Mar 2022
The number of deals reflects the confidence among buyers; however, it is also worth noting that Shenhua has reduced the auction quantity substantially compared to last week.
However, customers are on the wait-and-see again claiming to have comfortable stocks until after Ramadan.
28 Mar 2022 PPH Raf PPH Raf (CTO/MTO)
Explaining the decision, a source close to the trading house said that the shipping costs to Vietnam rise sharply in April while to Indonesia, the increases are merely one third or half of the hikes to the former.
Converters are operating at lower rates while combating the factory outbreak. Chinese players are generally not bullish about the near-term outlook
25 Mar 2022
Chinese bidders continue to scour the competitive cargoes on the Shenhua auction platform on the final trading day of the week as the producer agreed to a minor discount on homo-PP parcels.
Traders have yet to find solutions to the storage and cross-province delivery issues. Meanwhile, port congestions and rising ocean freight rates are hurdling export businesses.
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