19 Oct 2022
Chinese buyers continue to wait on the sideline to monitor the outcomes of the Congress Meeting, also for the latest round of COVID-19-related lockdowns to ease.
18 Oct 2022
Chinese buyers reportedly received a fresh price list from the maker with decreases week-on-week, and while responses toward the LDPE film parcels are satisfactory, customers are very much shy away from the LLDPE film cargoes.
18 Oct 2022 SPVC k64-65 SPVC k67-68
The latest price cuts mark the seventh consecutive month of decline. Compared to the cyclical peak recorded in April, the list price from the producers has plunged 47% in Southeast Asia and 49% in India.
Meanwhile, the heavy influx of competitive North American LLDPE film cargoes spook the already edgy buyers.
Paltry demand forced Shenhua to offer CNY50-70/ton discounts on both homo-PP and LLDPE to close deals, but the reductions are obviously insufficient.
17 Oct 2022
Although the downward pressure on the domestic PP market is growing, Zhongjing tends to adopt a conservative stance in making any price adjustments.
According to data from CommoPlast, at least nine Chinese PP plants have restarted production since late September, and more are on the way.
Don't have an account? Register