17 Apr 2023
For the second week in a row, a key domestic producer in Indonesia maintain a firm stance on spot PP and PE cargoes despite the weakening purchasing activities
Key PP and LLDPE contracts for May delivery continue to trade in the positive territory this morning on the expectation that the Chinese economy would recuperate further in the coming month
Though the percentage of transactions weakened slightly compared to the previous session, Chinese buyers seem more willing to accept higher prices, at least on this trading platform, reflected in the higher deal prices compared to auction prices.
14 Apr 2023
Buyers are taking a peripheral stance on purchases having made necessary replenishments over the past few sessions causing weak overall market sentiment today.
The Shenhua auction platform saw much better transactions on the final trading day of the week as the producer stepped back on deal prices.
13 Apr 2023
The previously reported optimism about the demand outlook in May seems waning as the latest economic data in China and the US highlights the slow economic recovery progress.
Industry sources said that even with the summer season approaching and the revival of the tourism sector, the demand for PET bottle remains below the seasonal norms.
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