24 Jun 2022
There have not been any major changes in the purchasing pattern among Chinese bidders on the final trading day of the week as deals for homo-PP remain strong while interest in LLDPE is rather disappointing.
In spite of the fact that the local market continues to decline, Chinese traders seem less distressed than the previous day after managed to deplete some stocks on hand.
23 Jun 2022
On the other hand, Chinese buyers quickly scoop up all HDPE quantity available while reluctant to off-take LLDPE – a development has also been observed in the spot market.
The general expectation at the moment is that the Southeast Asian PVC market would only rebound if China managed to rise above the Zero-Covid policies unscathed, which is less likely, given the growing risk of a recession.
The domestic spot market extended the weakening trend and customers, who have made purchases over the past couple of days prefer to slow down to complete the paperwork and delivery before taking in additional quantities.
22 Jun 2022
Chinese bidders continue to show a healthy interest in the homo-PP cargoes, reflected in the relatively healthy number of transactions recorded for this grade.
After achieving satisfactory sales results the previous day, Chinese suppliers started to hold a firmer stance on spot PP and PE offers regardless of the continued falling futures market.
Don't have an account? Register