04 Mar 2022
The initial responses from buyers are weak. The large location gap with the nearby Vietnam market for the same cargoes has Indonesian customers raising their eyebrow.
Chinese market participants prefer to wait on the sideline on the final trading day of the week despite the general bullish expectations that the government would introduce various measures to stimulate growth.
03 Mar 2022
Chinese bidders remain active toward the end of the week thanks to the strong futures market.
Market sources expressed the concerns that production outputs might also weaken in March amid the rising input costs that forced several naphtha-based or PDH-based producers to cut operating rates.
Earlier this week, there have been reports that the maker has successfully started up the newly constructed No. 4 PVC plant in Cilegon with an annual capacity of 200,000 tons/year.
After two consecutive days of strong gains, the local market in China remains far more competitive than import offers in the nearby Southeast and South Asia
02 Mar 2022
The number of transactions on the Shenhua auction platform remains strong on the second trading day of the week following the drastic increase in crude oil prices.
Don't have an account? Register