26 Oct 2020
Import HDPE arrival hit a record high level, which players attributed to the emergence of Iranian materials.
The new price list totally shrugged off the falling upstream ethylene costs and the growing resistance in Southeast Asia region.
The latest price hike on PP cargoes marks the ninth week of continuous firming trend backed by supply tightness in this market.
Players are digesting news on the significant surge in import PP and PE arrival in the month of September based on official data released earlier today.
Apparently, only customers in the Northern China area are active in sourcing additional LLDPE film cargoes at a discounted price.
23 Oct 2020
The number of transactions plunged drastically from the previous trading day, underlining the cautious stance among Chinese customers.
A couple of traders are looking for opportunities to export/re-export cargoes to the Southeast Asia market, where demand for homo-PP remains healthy.
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