Daily Market Wrap – China – 15 Dec. 2023

Meanwhile, it is reported that PP woven bag manufacturers are facing challenges with high end-product inventories, leading to a lack of motivation for raw material purchases, except for those involved in packaging for corn starch and glucose.

14 Dec 2023

Daily Market Wrap – China – 14 Dec. 2023

A number of buyers have expressed the interest in procuring additional cargoes, though are haggling for further discounts before entering deals.

13 Dec 2023

Daily Market Wrap – China – 13 Dec. 2023

Trading activities visibly slow down as converters, including those from the recently improved BOPP sector, return to hand-to-mouth buying to avoid price risks, citing the volatile energy complex.

13 Dec 2023

Daily Market Wrap – China – 12 Dec. 2023

In spite of the mediocre demand condition, both Sinopec and CNPC managed to deplete 30,000 tons of their combined inventories in a single trading day

11 Dec 2023

Daily Market Wrap – China – 11 Dec. 2023

In the import market, new offers are limited on the first trading day of the week. However, players expect overseas sellers to maintain a firm stance on new price lists to China this week, especially with the uptick in demand reported in India over the past week.

08 Dec 2023

Daily Market Wrap – China – 08 Dec. 2023

The diverged development is rather surprising, considering the fact that purchasing activities in the Northern region started showing signs of improvement. Sources said that following a delay, some buyers from the agricultural film sectors are returning to the market for restocking.

06 Dec 2023

Daily Market Wrap – China – 06 Dec. 2023

This marginal uptick was attributed to the positive rebound observed in the futures market, providing a supportive backdrop for local sellers to cautiously adjust their offers upward

05 Dec 2023

Daily Market Wrap – China – 05 Dec. 2023

The domestic spot PP market remains on a stable to softer trend, inching another CNY50/ton lower than the previous session under pressure from the dwindling Dalian Commodity Exchange.

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