21 Feb 2022
The new price list prompted traders to maintain a firmer stance on both PP and PE offers in the distribution market, shrugging off the persistently weak demand condition.
An increasing number of manufacturers gradually return to work this week; however, most prefer to make only small spot purchases to monitor further development before making any major decisions.
18 Feb 2022
Following a disappointing auction session the previous day, Shenhua decided to lower deal prices sharply to stimulate demand.
18 Feb 2022 PPH Raf
The Southeast Asian homo-PP market started to cool off toward the end of this week following weeks of tracking the firming trend in the face of the persistent sluggish demand
Sources said that Sinopec headquarter has been giving instructions to its subsidiaries not to implement further price cuts in the near term to protect the bottom line.
17 Feb 2022
Trading activities on Shenhua Auction Platform nosedived toward the end of the week following the steep fall on Dalian Commodity Exchange.
Indonesian manufacturers have been complaining about the inability to increase end-product prices while the number of PO declines visibly compared to January.
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