22 Apr 2020
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.
As the market continues to correct, spot offers for both PP and PE extend the downtrend.
The ethylene costs are at historical lows as supply remains ample amid dwindled purchasing interest from most downstream markets.
21 Apr 2020
A number of buyers decided to suspend spot purchases to wait for a clearer market direction.
Both side of the market participants are withdrawing to the sideline to assess the outlook before engaging in new purchases.
20 Apr 2020 SPVC k67-68
Due to the nationwide lockdown in India until 3 May 2020, the producer reportedly skips all offerings to this market this time.
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