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.
Transactions improved significantly on the first trading day of the week, which could also stimulate the sentiment in the spot market.
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.
For two weeks in a row, the spot offers for both PP and PE reduce almost every day, yet transactions are still below expectations.
23 Jul 2020
It is alarming that auction volume for homo-PP increased visibly from the previous day yet deals concluded remain sluggish.
Sources said that sales have been slow for two consecutive weeks, and further price cuts could emerge in the coming days would demand fails to pick up.
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