20 Jul 2021
Sentiment in the domestic spot market weakens significantly after the large drop in the crude oil market as buyers await additional discounts.
Apparently, spot butadiene in the local China market has surged more sharply than the import’s, putting downstream plants under tremendous cost pressure.
The steep plunge in the energy complex has negatively affected buying sentiment on the Shenhua auction platform on the second trading day of the week.
19 Jul 2021
Besides the lower operating rates, demand in the thermoforming cup and household items that use injection grades has been declining since the lockdown takes place.
Trading sentiment picks up visibly throughout the early trading hours of the day with support from the rebounded futures market.
Chinese buyers return to the market with a strong replenishing appetite after days of waiting on the sideline in the previous week.
16 Jul 2021
Sources informed that Middle Eastern sellers are offering at much lower levels, however, the available allocations are so limited, most buyers are unable to obtain the needed quantity.
Don't have an account? Register