13 Sep 2021
Customers see the new offers as a reflection of the firm stance observed in the import ground and less of the actual demand condition.
The Chinese government has been stern in controlling the energy consumption and efficiency targets for 2021, vowing to cut energy intensity by 3% to meet its climate goals.
In contrast to the bullish Dalian Commodity Exchange, trading sentiment in the domestic spot market turns sour as a number of manufacturers have been ordered to temporarily shut down
Chinese bidders return to the market on the first day of the week, resulting in a relatively healthy number of deals for both PP and LLDPE cargoes.
10 Sep 2021
Some Indian customers expect PVC offers to India to catch up with Tukey, where some international sellers have lifted spot prices to around $2000/ton CFR Turkey terms.
At the moment, the export opportunity window remains shut, leaving Chinese sellers limited choices but to focus on the highly competitive local ground.
Allocations for auction continue to decline, however, buyers seem less interested in securing additional cargoes after the drop in the futures market.
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