20 Jan 2020
Players are unable to accept the latest price immediately citing the uncertain demand outlook in the post-Lunar New Year period.
The current price list is perceived as too high compared to market acceptance and several major traders decided not to follow.
There are very limited movement in the domestic spot market as both buyers are sellers are leaving for the Lunar New Year holiday.
17 Jan 2020
Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.
The market sentiment continues to weaken, and players reported that many suppliers both local and international are not opening new offers.
The new offers increased visibly compared to last month due to tighter supply conditions as a result of the upcoming major maintenance shutdown.
16 Jan 2020
Data from CommoPlast highlighted that the recent rebound after local PP and PE market hit multi-year lows has sustained for five consecutive weeks.
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