24 Oct 2022
There have not been any major improvements in the domestic China market as players take a step back to assess the impact of the cabinet reshuffle on the market.
The weak end-product demand is expected to cap the potential upside of the market in the near term.
Meanwhile, buyers focus on a totally different set of September data. The export growth weakened to 5.7% in September from 7.1% in August while retail sales slumped as consumers braced for more lockdowns.
Chinese bidders are rather enthusiastic about the better-than-expected GDP data in September
20 Oct 2022
The Chinese homo-PP market has been facing heightened downward pressure since market players returned from the Golden Week as a renewed COVID-19-related lockdown shattered all hopes for a strong post-holiday replenishment activity.
Customers prefer to source just a small quantity to cover the immediate need while monitoring further development.
19 Oct 2022
Indeed, data from CommoPlast shows that the domestic spot homo-PP market in China fell three days in a row this week, taking hit from the renewed COVID-19 lockdowns
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