30 Dec 2020
Southeast Asian buyers are waiting for new offers from the same supplier with the expectation that prices would register an $80-100/ton location gap with China.
29 Dec 2020
In the meantime, Vietnamese customers are rather puzzled by the large location gaps for LDPE film cargoes.
The downtrend comes as a surprise because December is usually a high demand season ahead of the Lunar New Year.
Chinese bidders are cautious in making new purchases amid the absence of buyers.
On the positive side, the local government has withdrawn the red alert on the air pollution levels in the Northern China area.
28 Dec 2020
Import PP and PE continue to register healthy growth in November 2020 compared to the same period last year.
Sources said that the downward pressure is intensifying, and traders might introduce some price cuts in the coming days.
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