China Morning Snapshot – 15 October 2020

14 Oct 2020 LD Film

China’s LDPE film market climbed higher as supply outlook tightened

Data from CommoPlast registered CNY300-350/ton ($45-52/ton) increased in spot LDPE film cargoes offered in the domestic market based on EXW China.

14 Oct 2020

Transactions improved visibly on the auction platform despite higher prices compared to the previous trading day.

14 Oct 2020

China market would start to see more import PP and PE arrival in the coming weeks, though, local sellers are not too concerned.

13 Oct 2020

Competitive domestic market would post a real challenge for international sellers to increase prices any further.

13 Oct 2020

The latest hike is a result of reducing sales pressure, better purchasing activities in China, and strong upstream ethylene costs.

13 Oct 2020

Meanwhile, Chinese manufacturers are more cautious citing the squeezed profit margins, especially among those serving the local demand.

13 Oct 2020

Sentiment dims slightly on the second trading day of the week with much lower percentage of deals registered for both PP and PE cargoes.

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