23 Feb 2022
The latest PP offers receive limited responses from the market taking into account the large premium these cargoes carry over other origins such as Vietnam and China.
Trading activities in the domestic spot market remain mediocre and the reduction in inventories is attributed to the volume discounts introduced by the producers in the previous day
22 Feb 2022
Chinese bidders are more confident in making purchases on the second trading day of the week following signs that the market might be heading for stabilization.
In India, responses from the market are mediocre, however, players do not expect any major hurdle for the maker to deplete the cargoes given the smaller allocation.
While local producers lifted the price lists slightly to reflect the strong crude oil market, the actual trading sentiment remains sluggish.
21 Feb 2022
Chinese bidders continue to show weak buying appetite on the first trading day of the week even at lower price levels.
Looking forward, a number of buyers expected the import HDPE and LLDPE film offers to reach the $1400/ton threshold to reflect the rising ethylene costs.
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