20 Aug 2020
The uptrend continues to gain momentum after Formosa Plastics USA declared force majeure on PVC supplies from its Texas and Louisiana plants due to upstream issues.
Transactions are mediocre toward the weekend amid stable auction volume for most of the grades.
There have not been any major changes in the domestic spot market during the first half of the trading day.
19 Aug 2020
It is reported that a Malaysian producer has slashed import PP and PE offers to Indonesia for September loading, ending the two consecutive months of firming up.
The number of deals recorded in today’s auction session fall visibly compared to the previous day due to higher prices.
Chinese buyers are not as optimistic about the near-term outlook as expected and tend to very selective on which price level to accept.
18 Aug 2020
The development underlines the reviving demand in China following several weeks of decline.
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