Daily Market Wrap – China – 30 January 2024

Close sources reveal the majority of the PP converters stocked up just enough supply to last till after New Year, thus, expectations are high on the need-to-order basis to come in from a handful of converters after the holidays which advertently will influence the price trend.

30 Jan 2024

Daily Market Wrap – China – 29 Jan. 2024

New import offers are limited on the first trading day of the week though a major Thailand producer claimed to have sold a good number of HDPE and LDPE film cargoes to Japan

26 Jan 2024

Daily Market Wrap – China – 25 January 2024

The domestic spot market remained largely unchanged from the previous session, though a few traders surprisingly offer CNY50/ton discounts, aiming to attract more deals before the holiday.

25 Jan 2024

Daily Market Wrap – China – 24 January 2024

Market sources expected the producers to accelerate the destocking activities in the remainder of January to bring the number below the 500,000 tons threshold.

24 Jan 2024

Daily Market Wrap – China 23 January 2024

Meanwhile, all eyes are on the start-up of five new BOPP film/sheet manufacturing plants in the first quarter of 2024, adding another 265,000 tons of capacity annually.

23 Jan 2024

Daily Market Wrap – China – 22 January 2024

A number of woven bag manufacturers reported an uptick is end-product orders this week, which translated into higher demand for homo-PP yarn.

18 Jan 2024

Daily Market Wrap – China – 17 January 2024

Purchasing activities slowed down visibly following several session of active buying, indicating a possibility that customers have stocked up comfortably.

05 Jan 2024

Daily Market Wrap – China – 05 Jan 2024

The domestic spot market inched another CNY50/ton lower compared to the previous trading day, primarily driven by the sluggish futures market.

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