31 Jul 2020
Sentiment drops visibly on the final trading day of the week regardless of the positive economic data announced by the Chinese government.
Domestic supply is expected to improve substantially in August as producers resume operation after completing the maintenance shutdown schedule.
30 Jul 2020
Buyers are sensing the growing sales pressure among suppliers despite the constant claims of having limited availability due to the persistently sluggish demand condition.
At least three Middle Eastern producers have stepped back on the weekly offers to China this week amid softer interest on import cargoes, especially for LLDPE film.
Toward the end of the week, auction volume dropped significantly from the previous trading day, yet the sales results remain below expectation.
Although suppliers mostly claimed to have achieved sales target for July, sources are seeing very sluggish response for August delivery.
29 Jul 2020 LL C4 Film
Most cargo takers are manufacturers while local traders prefer to adopt a more cautious stance after the country re-imposes partial lockdown in the central city of Da Nang as the second wave of COVID-19 emerges.
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