30 Nov 2020
The producer reduced the available quantity for auction drastically citing the month-end closing.
Chinese players are waiting for local producers to open December delivery offers, which are likely to follow the stable to firmer trend with the support from the low inventory pressure.
A distributor informed of having sold out available quantities for PE soon after the price announcement.
27 Nov 2020
Despite the small allocation for auction, the transactions on the platform plunged drastically on the final trading day of the week.
In the meantime, the low inventory levels among local producers might continue to prevent any major price correction in the coming days.
26 Nov 2020
By reducing the operating rates, manufacturers also hope to reduce the availability of the end-products and convince customers to accept the full hike in raw material prices.
The quantity available remains much smaller than usual that encourage the supplier to raise deal prices.
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