24 Apr 2023
The latest price list might set the tone for the market once players return from the long holiday on 26 April 2023.
For the first time since late July 2020, the average import LDPE film offers based on CFR China terms breaches below the $1000/ton threshold this week, data from CommoPlast showed.
Despite the soft futures market, major domestic producers maintain a firm stance on spot PP and PE offers claiming the lack of inventory pressure.
Adding to the reluctant stance among buyers is the dwindling Dalian Commodity Exchange. Sources said that the softening trend might persist as the market embraces the Labour Day holiday.
21 Apr 2023
The agricultural film season in the Northern region is ending, but the lack of ready stocks continues to keep offers for this grade on a firm note.
The continuous upward price adjustment over the past several days pushed buyers away due to concerns over rising price risks.
20 Apr 2023
With the long holiday coming, buyers refrain from proceeding with new purchases unless suppliers are willing to meet the buy ideas. More market movements might emerge in the coming week as more sellers open new price lists.
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