20 Dec 2024
The PE market mirrored concerns seen in the PP sector, with intense discussions centered around new and existing production startups. However, LLDPE film suppliers exhibited greater confidence, increasing offers by CNY 50/ton. In contrast, HDPE and LDPE experienced losses ranging from CNY 50 - 100/ton.
19 Dec 2024
Purchasing activity in the LLDPE film sector surged across Eastern and Southern China. This uptick was fueled by resilient futures contracts on the Dalian Commodity Exchange and short-covering prompted by delays in import arrivals. Transactions were reported at CNY 50/ton higher than the previous day, signaling robust market acceptance.
18 Dec 2024
17 Dec 2024 LL C4 Film PPH Raf
The PE market contrasted sharply with homo-PP, as LLDPE sellers retained hopes for a continued uptrend. Buoyed by futures trading gains, LLDPE film extended its upward trajectory for the eighth consecutive week, rising by CNY50/ton. Optimism carried over to HDPE and LDPE sectors, which remained relatively stable.
13 Dec 2024
Although Chinese converters have limited new purchases to a hand-to-mouth basis ahead of year-end financial closures, suppliers appear unaffected by the weaker demand due to the completion of their annual sales targets. This has reduced any urgency to adjust prices downward.
12 Dec 2024
In the export market, the outlook appears more optimistic, supported by declining shipping costs and the depreciation of the Yuan. Freight rates from China’s key ports to Southeast Asia have reportedly dropped by $10–20/ton compared to the previous week.
11 Dec 2024
