A major Indonesian producer has surprisingly opened new price list on Saturday, 4 June 2022 with increases in PP cargoes, reflecting the rebound in the import market. Meanwhile, spot PE offers remain on the softening track.
Zhongjing Petrochemical is not the only Chinese supplier lifting export offers this week. Many other Chinese suppliers are not even interested in offering to the export market, citing the cutthroat competition from South Korean cargoes.