09 Jun 2021
While spot offers remain on the softening trend, local suppliers claimed having achieved a high number of transactions with the intention to gradually introducing a firmer stance on the cargoes.
In the meantime, BOPP sheet manufacturers reported having received better number of end product orders for the third quarter of the year.
The number of deals reported on the Shenhua auction platform has improved compared to the previous session as prices move lower.
08 Jun 2021
As reported earlier, end product demand in the post-Ramadan month remains thin, which discourages PE packaging manufacturers from making large replenishments.
Apparently, the delay in import arrivals has tightened the local supply, giving traders the support to implement the hikes.
Trading sentiment in the domestic spot market remains sluggish even after the fresh price cuts as buyers prefer to hold a cautious stance.
The number of transactions on Shenhua’s auction platform remains dwindling on the second trading day of the week even at lower prices.
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