This week, international PE suppliers started to actively lift import offers to China market to reflect the rising production costs. Some buying interest is observed in the HDPE and LDPE film sectors, while the LLDPE film market is mired in cautiousness.
Key petrochemical production outputs in China declined 3.4% in August compared to July as electricity shortages, and COVID-19 containment measures, coupled with weak demand forced most local plants to reduce operating rates.