25 May 2021
Buyers seems more willing to make purchases on the second trading day of the week though insist on the lower end of the overall price range.
The number of real transactions on the Shenhua auction platform improved significantly, though prices remain soft.
24 May 2021
Buyers in Southeast Asia are not enthusiastic about the latest price list citing the availability of non-dutiable materials at much lower levels at the moment.
The Chinese Customs Department has released data on the import PP, PE, and PVC arrivals to the country in the month of April 2021.
In spite of the plunging import arrivals coupled with the dropped in local production output, the domestic PP and PE market tracked the downtrend throughout the month of April.
It is informed that availability for June loading is limited due to an issue with the upstream ethylene supply that crippled the downstream PE production.
The continued weakening trend in the import ground encourages buyers to negotiate aggressively for discounts, though sellers attempt to limit the extent of price reduction considering the upstream costs.
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