13 Aug 2024
The trading sentiment in China's polyethylene (PE) market remains sluggish, mirroring the challenges faced by the polypropylene (PP) sector. Despite buyers' confidence that reduced import arrivals would bolster the market, overall availability for most grades remains comfortable.
12 Aug 2024
Market sources noted that converters in the woven bag segment have started to see an uptick in orders from the fertilizer and urea sectors. However, the government's ban on the export of fertilizer and urea has left players uncertain if local demand will be sufficient to boost the market.
08 Aug 2024
Over the past two months, the market has been supported by reduced availability due to a series of planned and unplanned shutdowns at local plants. With these facilities now coming back online, there are rising concerns about a potential oversupply, particularly as real demand, both domestically and internationally, remains weak.
07 Aug 2024
The Chinese PE market remains focused on the rebound in LDPE film prices, with sellers implementing an additional CNY 50-100/ton hike due to ebbing import arrivals. Buyers have shown strong resistance to these increases, withholding new purchases amid a seasonal lull in end-product demand.
05 Aug 2024
05 Aug 2024
Market participants reported sluggish transaction volumes as customers, having completed their weekly replenishments, opted to adopt a wait-and-see approach. This cautious stance is driven by expectations of further price concessions in the coming week.
02 Aug 2024
The recent price rebound has positively impacted end-product orders for BOPP film and sheet, according to market sources. This uptick has led to more purchase inquiries for raw materials from converters within this segment. However, raising end-product prices continues to be a challenge.
