03 Dec 2020
There has not been any improvement in trading activities on the Shenhua auction platform toward the end of the week.
Sentiment in the local ground remains very much sluggish even at lower price levels for both PP and PE cargoes.
02 Dec 2020
At least two Middle Eastern producers have stepped back on import PP and PE offers to China as demand weakened visibly.
The inventories are still way below the psychological threshold, hence, suppliers refused to offer any large discount at the moment.
Transactions remain disappointing on the Shenhua auction platform this morning as buyers continue to resist the current high prices.
In the latest site visit to several major warehouses in the Shanghai area, it is found that the occupancy is low, indicating low stocks among local traders.
01 Dec 2020
As a result of lower ethylene output from the cracker, the producer has to prioritize the production for each PE grade differently.
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