28 Sep 2020
The increases reflected the tight supply condition across the region and the lack of sales pressure among overseas suppliers while actual demand condition remains very much below expectation.
Customers continue to source small quantities from the distribution market as major traders decided to keep spot prices unchanged from the previous week.
Transactions remain satisfactory as the holiday draws near, fueling positive expectations on the post-holiday outlook.
A number of traders informed CommoPlast of having depleted inventories up to a week after the holiday.
27 Sep 2020
On another note, import PP and PE arrival in August 2020 remained approximately 12% higher than the same period last year.
Players cautioned that most derivatives markets are unable to support the continuous firming ethylene prices, which might limit the upside to a certain extent.
25 Sep 2020
Transactions on the auction platform improved visibly on the final trading day of the week, once again spark hope that customers might make last minutes replenishment before the holiday.
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