08 May 2020
Manufacturers are ramping up production rates, which require replenishment to meet the rushing orders for the Ramadan season.
08 May 2020 SPVC k67-68 SPVC (A) k67-68
Sentiment also picks up as the Indian government started to allow companies outside of the COVID-19 hotspot areas (containment areas) to gradually restart operations.
Players are taking a step back to assess the near-term outlook following active purchasing activities over the past days.
Data from the National Bureau of Statistics of China showed LDPE faced the largest drop among all the grades month-on-month.
It appears that Chinese players are betting on the potentially improving overseas demand as more countries start to lift COVID-19 lockdown.
07 May 2020
The market might gradually slow down toward the end of the month as players enter the Ramadan holiday.
Trading activities in the domestic spot market hold largely steady despite the additional price increments.
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