13 Sep 2024
Unlike the local PP market, Chinese suppliers maintained a firm stance on spot PE cargoes toward the end of the week, buoyed by a rebound in the Dalian Commodity Exchange. Despite the lack of discounts, which met with some market resistance, buyers were compelled to make small purchases
12 Sep 2024
Sellers reported that demand remained subdued, with many buyers appearing well-stocked ahead of the Mid-Autumn Festival this weekend. Market participants are now closely monitoring demand potential leading to the National Day holiday in early October.
10 Sep 2024
Local traders are increasingly anxious about meeting their sales targets for September, as buyers remain hesitant to replenish stocks. Many market participants anticipate that the prevailing bearish conditions will compel sellers to make deeper price concessions in the coming weeks.
07 Sep 2024
The Chinese PE market saw little change in buying activities from the previous trading day, with limited confidence in a near-term recovery. Concerns over potential supply shortages prompted small-scale purchases of LDPE film, but demand for HDPE and LLDPE films remained muted.
06 Sep 2024
Chinese converters, having restocked a substantial portion of their production needs in recent weeks, shied away from immediate spot cargo. Meanwhile, discussions around forward delivery parcels are active, as buyers prefer farther delivery to ease warehousing and cash flow pressures.
04 Sep 2024
Despite the bearish sentiment, several Chinese producers, speaking to CommoPlast, emphasized the absence of severe inventory pressure. They pointed out that state-owned giants Sinopec and CNPC managed to sell 70,000 tons or 8.5% of their stocks within just two trading days
04 Sep 2024
