20 Oct 2022
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
Major PP and LLDPE contracts on Dalian Commodity Exchange settled the morning session with additional losses as traders are still on a selling spree in anticipation of a bearish near-term outlook.
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.
Don't have an account? Register