26 Jan 2021
Transactions on the Shenhua auction platform once again show improvement despite the fact that prices remain largely unchanged from the previous trading day.
Sentiment in the domestic spot market remains average on the second trading of the week.
25 Jan 2021
The price cuts are very much expected considering the lack of purchasing interest among local buyers.
Other international suppliers would introduce a firmer stance on the import offers to Vietnam now that there is no pressure from Chinese cargoes.
The producer cuts the allocation for auction drastically on the first trading day of the week compared to the previous session.
A number of local traders informed that buyers are no longer enthusiastic in placing orders, and even at lower price levels, the interest is very weak.
The initial response from the market is not very strong and buy ideas are mostly below $1050/ton for both HDPE and LLDPE film citing the long shipping times.
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