Print

Chinese players have slowly returned to the market after a long Chinese New Year holidays with general expectation that polyolefin prices would remain on the firming trend seen before the break. Trading activities on the first day are still weak, as most buyers will only come back to their desk after the Chap Goh Mei celebration on 22 Feb 2016.  

A trader in Shanghai received USA HDPE film at $1070/t CFR China, LC AS term for April arrival said, “We are hoping that with the heavy turn around schedule in Feb-Apr 2016 period, supply will be reduced which will ignite higher prices. However, we are not expecting much trading activity this week due to the absence of buyers.”

Players are also considering the post-holidays local inventories, which are reported to have built up to a similar level in previous year. Continuous cargoes arrival has also lifted trader’s inventory by 40-50% from pre-holiday period, according to sellers. Whether or not converters will return to the market and make fresh replenishment is the main question every trader has in mind at the moment.

Kindly visit CommoPlast Daily Price for detailed daily prices in China and Southeast Asia market, or contact us at commoplastinfo@gmail.com for assistance.