China's PP market moved through a phase of domestic rebalancing in July, as production capacity that returned from maintenance in June met firmer local consumption, even as export volumes continued their steep retreat from April's peak.
A morning rebound in Dalian Commodity Exchange (DCE) polyolefin futures and downward-revised starting thresholds lifted auction purchasing activity on Friday, led by a swift recovery across PP streams.
Indonesia’s domestic PET bottle resin market rebounded sharply this week, decisively breaking above the psychological IDR 20,000,000/ton resistance level as early-week transactions gave way to an aggressive price revision.