03 Jul 2020
Chinese bidders appear more active on the final trading day of the week, resulted in better transactions for both PP and PE.
Local manufacturers continue to source material hand-to-mouth basis, yet, local traders are not aggressively pushing for forward selling considering the lack of spot availability at the moment.
02 Jul 2020
Transactions on the Shenhua Auction Platform slow down visibly toward the end of the week, which might indicate a growing resistance among domestic buyers.
A market source estimated at least 40,000 tons of these cargoes have reached China's main ports this week.
01 Jul 2020
Local traders are seeing softer purchasing interest as buyers are taking a step back to assess the market outlook before entering new replenishment.
The producer has smaller than usual PE volume to offer on the first trading day of the month.
Prices at the upper end of the overall range continue to face stiff resistance from the market, however, suppliers refused to concede to any large discounts citing the limited supply.
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