Daily Market Wrap – China – 04 March 2024

The domestic spot PP market kickstarted the week on a stable note as key local producers shrugged off the weak buying interest and the soft futures market to focus more on manageable inventory levels.

26 Feb 2024

Daily Market Wrap – China – 26 Feb 2024

The domestic spot PP market has been constant since last Friday with just a small percentage of cargoes experiencing mild discounts in the afternoon due to some retreated PP futures as well as poor market responses.

23 Feb 2024

Daily Market Wrap – China – 22 Feb. 2024

A small portion of sellers held firm on their LLDPE and LDPE offers, expecting a surge in demand from the agriculture sector to provide the necessary support, especially with growing speculations over a potential fall in import arrivals.

21 Feb 2024

Daily Market Wrap – China – 21 Feb. 2024

Ordinarily, with one of the largest buyers of PE film, in this case, the agricultural film sector, ramping up operating rates, the market shall expect stronger demand. However, Chinese sellers are not particularly optimistic.

20 Feb 2024

Daily Market Wrap – China – 20 Feb. 2024

A survey among twenty (20) BOPP sheet converters showed nearly half have not received any new PO for their finished products post-holiday

19 Feb 2024

Daily Market Wrap – China – 19 Feb. 2024

However, to their dismay, the market returns with poor buying interest from customers. On top of that, local manufacturers have a low appetite for securing cargoes which generated resistance and slow deals.

07 Feb 2024

Daily Market Wrap – China – 6 Feb. 2024

As reported earlier, most converters in the PP sector have now wound down their operations to allow their workers to leave for their hometowns. However, compared to the woven bag segment, which is now running at an average of 40% capacity

06 Feb 2024

Daily Market Wrap – China – 05 Feb. 2024

These concerns, while insubstantial, begin to impact the seller’s confidence. Several Chinese suppliers decided to step back on their export offers to secure more deals for post-holiday delivery.

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