Aug 06, 2021 1:36 a.m.
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insight

China Morning Snapshot – 05 August 2021
Title

Sources said that buyers have made comfortable replenishment, hence, showing no rush to proceed with fresh purchases at the moment.
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Title insight

Local LLDPE film market in Indonesia starts to catch up with the regional trend

Indonesian customers attributed the sharp rebound in the domestic LLDPE film market to a confluence of factors, starting with the relaxed lockdown measures that allow more companies to restart operations.
Title economy

Dalian Commodity Exchange: 05 August 2021 (Night trading)

The 2109 for September 2021 delivery contract on Dalian Commodity Exchange on 05 August 2021 settled as follows:
Title economy

Vietnam: VPA challenges proposal to increase import duty on PP

Hyosung Vina Chemicals has proposed to the Vietnamese Ministry of Finance to lift import duties on two PP grades under HS codes 3902.10 and 3902.30 to 6% and 6.5% respectively from the current 3%.
Title insight

Another producer lifted August PE offers in Malaysia, demand remains muted

At the moment, manufacturers can apply to resume operations, but without a clear guideline from relevant authorities, the constant fear of getting penalised for breaking S.O.P discourages these customers to restart their plants or ramp up operations.

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Dalian Commodity Exchange Updated 05 Aug 2021 Contract No. 2109
PP LLDPE PVC
Close (CNY/ton) 8,307 -26 8,055 +60 9,080 +205
Close (USD/ton) 1,138 -4 1,103 +9 1,244 +32
Volume 273,691 -4945 238,207 -6307 311,556 +4873
* All USD prices are excluding VAT basis
Volume indicates number of contracts
Monomers & Feedstock Updated 04 Aug 2021
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