19 Jul 2021
Besides the lower operating rates, demand in the thermoforming cup and household items that use injection grades has been declining since the lockdown takes place.
Trading sentiment picks up visibly throughout the early trading hours of the day with support from the rebounded futures market.
Chinese buyers return to the market with a strong replenishing appetite after days of waiting on the sideline in the previous week.
16 Jul 2021
Sources informed that Middle Eastern sellers are offering at much lower levels, however, the available allocations are so limited, most buyers are unable to obtain the needed quantity.
In the meantime, more Chinese traders are complaining about running low in PE inventories due to the delay in import arrivals.
Following a reduction in the available auction quantities and the uptick in export activities, the number of transactions improved sharply from the previous day.
15 Jul 2021
Key importers in the South Asian region seem bullish about the near-term demand outlook, which encourages replenishment activities that eventually pushes prices higher.
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