02 Aug 2021
The low percentage of the deal concluded reflects the dwindling confidence level among local buyers.
30 Jul 2021
The uptrend in the Vietnamese homo-PP market has been losing momentum over the past week as the demand falls sharply
The rapid price hike in Vietnam generates a large enough location gap with China that encourages Chinese traders to divert their already limited on-hand cargoes to this market amid the mediocre local demand.
Chinese traders are optimistic about the market outlook in the first half of August citing the lack of import arrivals and low inventories pressure.
29 Jul 2021
There have been reports that producers are pushing inventories to traders before the month-end closing, leading to the large day-on-da stock reductions.
The strong number of transactions on the Shenhua auction platform is partly a result of reduced auction volume from the suppliers.
28 Jul 2021
The recent surge in LLDPE film prices in Vietnam attracts a number of export/re-export cargoes from the nearby China market, signalling the flat demand in China.
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