11 Jul 2022 SPVC k67-68 SPVC (A) k67-68
For the first time in twenty-one (21) months, spot PVC cargoes are traded at three-digits across Southeast Asia as the demand shows no sign of improvement while the dark cloud of a potential global recession casts weigh on the outlook.
11 Jul 2022
The downward adjustments are not surprising, according to market sources. Buyers have been reluctant to make additional purchases over the past week in sight of a persistently weakening trend.
Several traders told CommoPlast they only managed to close very small number of deals during the early trading hours while bearing pessimistic expectations about the demand outlook.
08 Jul 2022
Chinese bidders remain active on the final trading day of the week, resulting in a strong number of deals for both PP and PE cargoes.
At the moment, firmer spot PP and PE offers are facing stiff resistance from the market, and buyers are asking for the previous prices in order to close deals.
07 Jul 2022
Chinese bidders return to the market toward the end of the week as Shenhua further step back on the deal prices.
Local suppliers are less enthusiastic about the firmer Dalian Commodity Exchange, from which discounts are still given to encourage purchasing activities.
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