Import offers are limited on the first trading day of the week. Major producers opened October shipment offers in the previous weeks are still in the negotiation process to close deals. Apparently, the $90-100/ton dive in ethylene costs just make it more difficult for sellers to convince customers to accept the new prices.
Regardless of the dwindling Dalian Commodity Exchange, major domestic producers decided to lift spot PP and PE offers by CNY50/ton from the previous session in order to reflect the depreciation of the Chinese Yuan. Purchasing activities fell sharply from the previous day, highlighting the resistance building in the local market.