Apparently, more sellers are looking to divert their parcels to other markets, such as South America and Africa for better acceptance.
Although the general expectations remained on the trajectory that new price lists would be higher, the lingering weakness in China might anchor the regional market, capping the upside.
The domestic Vietnamese homo-PP market seemed to have totally shrugged off the uptick in purchasing activities observed in the nearby China and Indonesia markets late last week.
The Indian market resumed trading on a mixed note with key domestic producers lifting HDPE and LLDPE offers by INR1,000/ton from the pre-holiday period
Trading sentiment in China remained dwindling on the second day of the week and the unchanged local PP and PE inventory levels highlighted the lack of purchasing activities.
In China, following a more active restocking activities for import homo-PP cargoes, buyers here also started seeking import LLDPE film
In a surprising but pleasant development, Chinese buyers have shown acceptance toward import homo-PP cargoes from dutiable origins
Trading sentiment across the Asian PP and PE market remained dwindling and despite the spreading expectations that the recent downtrend might be nearing the bottom
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