06 Jul 2021
Sentiment in the domestic spot market holds firm thanks to the support from the rising futures trading, yet, transactions have declined.
In spite of the higher price levels, the number of transactions on the Shenhua auction platform remains healthy on the second trading day of the week.
05 Jul 2021
The new offers failed to draw buyers back to the market as Indonesia enters the full lockdown following a spike in the number of COVID-19 infection cases.
Local traders have immediately followed the price adjustment, though purchasing interest remains sluggish, which could induce additional price cuts in the coming days.
Trading sentiment in the domestic ground remains healthy on the first trading day of the week, supported by the resilient Dalian Commodity Exchange.
The downstream PE market has been picking up over the past weeks, though prices have yet to register any major hikes to cover the rising ethylene costs.
The number of transactions achieved on Shenhua’s auction platform remains healthy on the first trading day of the week
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