For the third consecutive trading day, the domestic spot PP market registered gains, shrugging off the usual month-end inventory build-up and the still soft purchasing activities. Market players are betting forward, expecting more significant movement after the Dragon Boat Festival.
While facing weak demand at home, Vietnamese traders also fear that the return of Chinese buyers in addition to the rising crude oil costs would eliminate any chance of further price reductions ahead, hence tend to proceed with replenishment, especially for LLDPE film.