19 Jan 2022
Transactions remain strong on the Shenhua auction platform with arbitrage traders actively scouting for competitive cargoes amid the rising futures market.
Players fear the declining sentiment in China as the Lunar New Year draws near and the sharp uptick in prices would unavoidably attract Chinese cargoes.
Chinese sellers reportedly receive a high number of inquiries from customers following the surge in crude oil prices.
18 Jan 2022
Transactions are slightly lower than the previous day, which players attributed to the higher deal price set by the producer.
Players expressed bullish expectations about the demand outlook in the post-holiday period following reports that BOPP and agricultural film converters have received a good number of end-product orders
17 Jan 2022
The Shenhua Auction Platform opened the first trading day of the week on a strong note signalling the possibility that Chinese buyers might continue to make pre-holiday replenishment this week.
17 Jan 2022 SPVC k67-68
This is the third consecutive month of sharp decline. Asian buyers started to show better acceptance with belief that the market might be nearing the bottom.
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