China Morning Snapshot – 28 July 2020

28 Jul 2020

Another Saudi Arabia producer announced August shipment PE to Southeast Asia

In Indonesia, buyers prefer to source small quantity to meet the immediate needs from the local suppliers due to more competitive price levels.

27 Jul 2020

Meanwhile, HDPE registered a humbler growth number, however, the total quantity was among the highest in several years.

27 Jul 2020

Sources said that local producers might focus on the export market in the coming days as local demand outlook does not seem bullish in the near term.

27 Jul 2020

Transactions improved significantly on the first trading day of the week, which could also stimulate the sentiment in the spot market.

27 Jul 2020

It is reported that buyers are more willing to make replenishment following the improvement in futures trading.

24 Jul 2020

Chinese bidders are not in the mood to replenish material even prices have dropped slightly.

24 Jul 2020

For two weeks in a row, the spot offers for both PP and PE reduce almost every day, yet transactions are still below expectations.

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