08 May 2020
Players are taking a step back to assess the near-term outlook following active purchasing activities over the past days.
Data from the National Bureau of Statistics of China showed LDPE faced the largest drop among all the grades month-on-month.
It appears that Chinese players are betting on the potentially improving overseas demand as more countries start to lift COVID-19 lockdown.
07 May 2020
The market might gradually slow down toward the end of the month as players enter the Ramadan holiday.
Trading activities in the domestic spot market hold largely steady despite the additional price increments.
06 May 2020
It is reported that domestic spot offers for PP jumped as much as CNY150/ton ($21/ton) from the previous week while PE prices increased CNY150-200/ton.
Buyers are scouting the market for competitive cargoes following the latest round of price hike from major local producers.
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