03 Aug 2020
In the meantime, local traders are selling well below the price list, therefore, the market is expecting the producer to reduce prices further in order to attract deals.
Transactions on the auction platform remain satisfactory on the first trading day of the month with PP block copolymer and LDPE film are not available.
Trading activities are steady in the domestic spot market, yet, traders find it very difficult to implement additional increases in the face of reluctance buyers.
31 Jul 2020
Sentiment drops visibly on the final trading day of the week regardless of the positive economic data announced by the Chinese government.
Domestic supply is expected to improve substantially in August as producers resume operation after completing the maintenance shutdown schedule.
30 Jul 2020
Buyers are sensing the growing sales pressure among suppliers despite the constant claims of having limited availability due to the persistently sluggish demand condition.
At least three Middle Eastern producers have stepped back on the weekly offers to China this week amid softer interest on import cargoes, especially for LLDPE film.
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