Major PP and LLDPE contracts on Dalian Commodity Exchange opened the trading day with strong gains but par some of the increases by the end of the morning session after Shanghai and Nancang required all outstation visitors to conduct five days of COVID-19 testing before they can enter any public places.
A key Indonesian producer has opened a fresh price list to local buyers with moderate increases on PP cargoes after last week’s steep reductions that help the maker, and other local sellers to deplete the on-hand stocks.