27 May 2021
Chinese traders become more active in exploring re-export opportunities for South Korean PP block copolymer to Southeast Asia market.
Buying interest for homo-PP remains dwindled toward the end of the week as deal prices inched slightly higher than the previous session.
26 May 2021
Buyers remain conservative about fresh purchases on the concerns that further reductions would become inevitable moving forward.
26 May 2021 PPH Raf
In spite of the better acceptance at the new price levels, Chinese buyers maintain a conservative stance over the near-term outlook.
Sentiment in the domestic market holds steady with mediocre number of transactions.
In terms of homo-PP market, Chinese buyers are looking at prices below the $1100/ton mark, resulting in the stiff resistance towards the latest increases.
The number of transactions for homo-PP fell sharply from the previous session, signaling a more cautious stance among buyers at the slightest signs of firmer prices.
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