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.
The latest hike is a result of reducing sales pressure, better purchasing activities in China, and strong upstream ethylene costs.
Meanwhile, Chinese manufacturers are more cautious citing the squeezed profit margins, especially among those serving the local demand.
Sentiment dims slightly on the second trading day of the week with much lower percentage of deals registered for both PP and PE cargoes.
Market sources reported that sentiment drops slightly this morning compared to the previous trading day as buyers started to resist the higher prices.
12 Oct 2020
Many local buyers started to slow down purchases for PP cargoes due to the inability to transfer the higher restock costs to end-product prices.
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