31 Aug 2020
Chinese buyers have been actively making replenishment over the past week in preparation for the manufacturing season, which normally starts around September every year.
In an interesting development, the producer reduces the auction quantities drastically from the previous session while prices have also increased slightly.
Sentiment remains healthy in the domestic spot market that elevate offers for both PP and PE further.
28 Aug 2020
Chinese buyers have replenished the much-needed cargoes and would prefer to be more cautious, especially at the current high prices.
As spot offers for both PP and PE extended the firming trend for five consecutive days this week, players started to step sideline to assess the market trend.
Thanks to the sudden return in demand in the nearby China market, Southeast Asian buyers are more confident in making purchases.
27 Aug 2020 PPH Raf
The upbeat sentiment is a result of buyers returning to make new purchases in preparation for the manufacturing season that usually starts in September – October.
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