23 Feb 2021
Purchasing activities are weak though suppliers continue to implement fresh price hikes to reflect the low inventory pressure.
22 Feb 2021
Many Chinese manufacturers who return to work on the first trading day of the week are caught in surprise by the latest offers.
It is reported that a major Malaysian producer has announced fresh PP and PE offers for March loading to Indonesia with substantial increases.
Demand in Indonesia has slowed down compared to the previous week as buyers are unable to accept the current prices.
Transactions are strong on the auction platform this morning as supply appears tightened following aggressive export activities among local suppliers.
Sources said that buyers in Eastern and Northern China are less active in making purchases, however, sentiment in Southern China is rather strong.
20 Feb 2021
Apparently, Chinese suppliers are heavily concentrating on the export market for better profit margins before local buyers fully return from the long Lunar New Year holiday.
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