Southeast Asian market participants remain concerned about the demand outlook in the third quarter of the year considering the bearish macro-economic outlook while the recurrent COVID-19-related lockdown in China ravages buyer confidence.
For the first time since November 2020, import homo-PP and LLDPE film to China breached below the $1000/ton threshold as international suppliers accelerated efforts to smoothen the sales process amid the falling global demand. On the bright side, the fresh reductions trigger strong buying interest among Chinese buyers