The Asian ethylene market weakened on falling demand while the surging crude oil market continue to fuel a rebound on both PP and PE sectors. Buyers are on the wait-and-see for a clearer impact of the Russia-Ukraine war. Chinese PP sellers might not keep their eyes off the export market in the near term.
China recorded a historically high level of import PP arrival during the month of May 2020 as a result of aggressive purchasing activities right after the country eases the nationwide lockdown that aimed to contain the COVID-19 outbreak.
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