Daily Market Wrap – China – 25 June 2024

It is important to note that converters continue to exhibit caution in purchasing decisions - a result of the difficulties in raising end-product prices amid the traditionally slow season.

24 Jun 2024

Daily Market Wrap – China – 24 June 2024

Meanwhile, the uptrend in the local LDPE film market is relentless despite the slow market responses. While HDPE and LLDPE film tracking stable to softer trend, spot LDPE film offers gained another CNY100/ton

21 Jun 2024

Daily Market Wrap – China – 21 June 2024

In spite of the softer pricing, buyers did not immediately jump into new purchases while expecting additional reductions in the coming week. The seasonal lull in the agricultural film sector started to restrain the runaway LDPE film market.

21 Jun 2024

Daily Market Wrap – China – 20 June 2024

Traders noted that the current market dynamics do not exert significant sales pressure, allowing them to selectively engage in negotiations with serious buyers. Ongoing supply constraints continue to underpin prices, preventing any sharp declines.

20 Jun 2024

Daily Market Wrap – China – 19 June 2024

Without any large changes in the local market, Chinese sellers maintained export offers largely stable week-on-week, but the high shipping costs make these cargoes unappealing to international buyers.

19 Jun 2024

Daily Market Wrap – China – 18 June 2024

Meanwhile, as the week proceeds, the local PE market continued a mixed trajectory. While LDPE extended the firming trend, gaining an accumulated CNY400/ton at the lower end of the overall price range

17 Jun 2024

Daily Market Wrap – China – 17 June 2024

The local PE market remained on the stable to firmer track at the start of the week. While inquiries for HDPE and LLDPE film are soft, market participants saw a better number of transactions for LDPE film even at higher prices.

17 Jun 2024

Daily Market Wrap – China - 14 June 2024

It is important to note that demand is not improving at the same pace as the rise in spot LDPE film offers. The market is currently in a seasonal lull, hence, the lack of interest in pursuing new purchases at high prices.

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