31 Aug 2020
Chinese players are expecting similar trend in the month of August, from which players are more active in making replenishment from the import ground at the moment.
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomer.
Chinese buyers have been actively making replenishment over the past week in preparation for the manufacturing season, which normally starts around September every year.
In an interesting development, the producer reduces the auction quantities drastically from the previous session while prices have also increased slightly.
Sentiment remains healthy in the domestic spot market that elevate offers for both PP and PE further.
28 Aug 2020
Chinese buyers have replenished the much-needed cargoes and would prefer to be more cautious, especially at the current high prices.
As spot offers for both PP and PE extended the firming trend for five consecutive days this week, players started to step sideline to assess the market trend.
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