22 Jul 2021
While market players are relatively confident about the near-term outlook for PE given the steady demand from the food packaging sector, the PP injection market is not having the same level of support.
The firming futures market elevates spot PP and PE prices in the local market; however, traders face heighten resistance from buyers.
Purchasing activities rise to the full-swing toward the end of the week, though, one of the factors contributing the high percentage of deal...
21 Jul 2021
Although the surge in local production has partly compensated for falling import quantity, the PE consumption in China (calculated by the sum of local production and import, subtract the export quantity) declined for the third consecutive month.
It is reported that the Indonesian government in the circular number PMK No 68/2021 has revived the Bea Masuk Ditanggung Pemerintah (BMDTP) scheme.
Henan houses four ethylene-based PVC plants, which are located outside of the flood area.
Meanwhile, there are no concrete reports on the impact of the recent flood in Henan province on the market.
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