12 Jan 2022
Transactions on the Shenhua auction platform showed a strong pick up by mid of the week after the supplier agreed to minor discounts from the previous session.
Offers for PE seems stronger than PP, however, several traders told CommoPlast they are willing to negotiate with serious buyers.
Market participants are optimistic that trading sentiment would improve by the second half of February as preparation for Ramadan takes place.
11 Jan 2022
The Shenhua auction platform ended the session at a higher note compared to the previous day, in terms of both prices and percentage of deals.
Most traders, including arbitrage traders, are carrying low levels of inventories and seem eager to restock once prices are right.
10 Jan 2022
Chinese bidders appear less interested in making replenishment on the first trading day of the week, reflected in the disappointing percentage of deals for homo-PP
Market sources said that the flare up in COVID-19 infection cases and the strict environment control measures might impact the production activities in January this year.
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