14 Sep 2021
Chinese buyers are holding a conservative stance and prefer to buy hand-to-mouth basis, especially among woven bag manufacturers due to the squeezed profit margins.
Transactions are steady on the Shenhua Auction Platform on the second trading day of the week, though prices have yet to register any major changes.
13 Sep 2021 SPVC k67-68
Several Indian buyers said that the supplier shall not face any issue in achieving deals, just that customers are waiting for the confirmed allocations and shipping schedules.
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.
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