19 Apr 2021
A number of other buyers have expressed the buy ideas for deep-seas HDPE and LLDPE film at below the $1100/ton threshold, citing the continuous weakening domestic ground.
Sources said that the local PE market is facing less pressure than PP due to the lack of import arrival, while competitive Chinese material is forcing local suppliers to soften the stance on homo-PP yarn cargoes to attract purchasing interest.
There are limited new offers on the first trading day of the week, however, the local market continues to weaken as a result of the heavy arrival of previously purchased Chinese cargoes.
There has not been any major movement in the domestic spot market during the early trading hours of the week, though buyers maintain a cautious stance.
16 Apr 2021
The number of deals recorded on the final trading day of the week is rather satisfactory even prices inch slightly higher than the previous session.
Buyers are not very optimistic about the local market trend citing the potential buildup in inventories throughout the Labor day holiday.
15 Apr 2021
It is reported that purchasing interest among Indian customers has been weakening amid a new wave of COVID-19 infection in the country that prompted partial lockdown and curfews in several states.
Don't have an account? Register