13 Oct 2020
Meanwhile, Chinese manufacturers are more cautious citing the squeezed profit margins, especially among those serving the local demand.
Sentiment dims slightly on the second trading day of the week with much lower percentage of deals registered for both PP and PE cargoes.
Market sources reported that sentiment drops slightly this morning compared to the previous trading day as buyers started to resist the higher prices.
12 Oct 2020
Many local buyers started to slow down purchases for PP cargoes due to the inability to transfer the higher restock costs to end-product prices.
There are some mixtures in terms of growth rates, however, LLDPE registered the strongest month-on-month growth.
12 Oct 2020 SPVC k67-68 SPVC (A) k67-68
It is reported that the Southern China market is now facing a severe supply shortage and many traders are attempting to quickly re-direct cargoes from other regions to this area.
Sources said that sentiment in the spot market is likely to follow as buyers are in need to make replenishment.
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