26 May 2021
Buyers remain conservative about fresh purchases on the concerns that further reductions would become inevitable moving forward.
26 May 2021 PPH Raf
In spite of the better acceptance at the new price levels, Chinese buyers maintain a conservative stance over the near-term outlook.
Sentiment in the domestic market holds steady with mediocre number of transactions.
In terms of homo-PP market, Chinese buyers are looking at prices below the $1100/ton mark, resulting in the stiff resistance towards the latest increases.
The number of transactions for homo-PP fell sharply from the previous session, signaling a more cautious stance among buyers at the slightest signs of firmer prices.
25 May 2021 LD Film
The rapid decline in both local and import markets in China has widened the location gap with Southeast Asia, gradually opens up the export/re-export opportunity window.
25 May 2021
Buyers seems more willing to make purchases on the second trading day of the week though insist on the lower end of the overall price range.
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