17 Jun 2024
According to market sources, weak demand coupled with the presence of more attractive cargoes in the distribution and import market weighed heavily on the homo-PP sector.
A series of disappointing macroeconomic data from industrial outputs to property investment, underline the weakness in the Chinese economy.
While coal-based homo-PP cargoes achieved a relatively satisfactory number of transactions, the demand for LLDPE was battered by the weak futures contracts on the Dalian Commodity Exchange and the unattractive pricing set by the coal-based producer.
14 Jun 2024
Regardless of the dwindling demand in local China, market participants expected key international suppliers to announce July shipment offers with three-digit increase from June
14 Jun 2024 PET Bottle
The rising shipping uncertainties narrow the export windows, especially to deep-sea destinations such as North America and Europe. As such, the focus returned to the local ground.
The domestic spot market is struggling to determine its direction. Key producers shrugged off the weakness in futures contracts to lift spot LLDPE film price by CNY50/ton.
Chinese buyers have different opinions about the near-term market outlook, however, with auction prices for coal-based materials at CNY100/ton below the current domestic spot market
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