20 Apr 2021
Sources said that the reduction in LLDPE allocation is due to an ongoing maintenance shutdown at the plant.
Purchasing activities are stable, yet, buyers would only source small quantities to meet the immediate needs.
19 Apr 2021
A number of other buyers have expressed the buy ideas for deep-seas HDPE and LLDPE film at below the $1100/ton threshold, citing the continuous weakening domestic ground.
Sources said that the local PE market is facing less pressure than PP due to the lack of import arrival, while competitive Chinese material is forcing local suppliers to soften the stance on homo-PP yarn cargoes to attract purchasing interest.
There are limited new offers on the first trading day of the week, however, the local market continues to weaken as a result of the heavy arrival of previously purchased Chinese cargoes.
There has not been any major movement in the domestic spot market during the early trading hours of the week, though buyers maintain a cautious stance.
16 Apr 2021
The number of deals recorded on the final trading day of the week is rather satisfactory even prices inch slightly higher than the previous session.
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