14 Jul 2022
Vietnamese customers have been raising concerns over the recurrent COVID-19 related lockdown in China that further hamper the already dwindling end-product businesses amid the falling export orders.
In the meantime, market participants cautiously monitor the infrastructure funding release progress to gauge the near-term outlook.
13 Jul 2022
Chinese bidders continue to show a healthy interest in the coal-based homo-PP cargoes this morning, reflected in the strong number of transactions.
As expected, the domestic spot market extended the weakening trend though it appears that sellers are not rushing to slash PP and PE prices as much as the futures market.
12 Jul 2022
Chinese bidders surprisingly come back on the second trading day of the week despite the lingering concerns over the rising number of COVID-19 infection cases.
Trading sentiment remains sluggish in the domestic spot market, partly due to the constantly falling Dalian Commodity Exchange that dented the confidence in the near-term outlook.
11 Jul 2022
Trading sentiment on the Shenhua auction platform is soft on the first trading day of the week as bidders withdraw to the sidelines following a flare-up of infection cases that put hundreds of cities across China under high-risk areas.
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