01 Sep 2020
Auction quantities remain much lower than usual while concluded prices continue to inch higher.
It is expected that the market might remain largely stable at the current levels in the coming days amid building resistance toward the upper end of the overall price range.
31 Aug 2020
Chinese players are expecting similar trend in the month of August, from which players are more active in making replenishment from the import ground at the moment.
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomer.
Chinese buyers have been actively making replenishment over the past week in preparation for the manufacturing season, which normally starts around September every year.
In an interesting development, the producer reduces the auction quantities drastically from the previous session while prices have also increased slightly.
Sentiment remains healthy in the domestic spot market that elevate offers for both PP and PE further.
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