11 Oct 2021
Indonesian buyers have mostly restocked sufficiently, which means, purchasing activities could continue to decline in the coming days.
Mainstream PP, PE, and PVC have all been traded above the CNY 10,000/ton threshold including VAT ($1374/ton excluding VAT).
08 Oct 2021
Many converters did not wait until the market reopens to make replenishment and traders claimed to have sold a good quantity over the past couple of days.
Transactions are strong on the first trading day after the weeklong break, highlighting the resilient trading sentiment in China
The domestic PP and PE market in Indonesia ended the week with three price adjustments in a single day as key local producer leverage the bullish sentiment in the nearby China market
Demand for LDPE film is particularly strong. Deals have been done even before the market officially reopens.
There have been reports that the manufacturing sector in the Southern China area, including Guangdong, has been allowed to restore full operating rates on 2-3 October 2021.
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