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NewsSSESSMENTS: Holiday Mood, Slow Downstream Demand Led To Muted Market Activities In China


As reported to SSESSMENTS.COM, holiday mood and slow downstream demand have led to muted market activities in China this week. China’s market is still in a holiday mood, so buying and selling activities are not present at the moment. A global trading house commented to SSESSMENTS.COM that the demand from the downstream market is also still stagnant, thus slowing down the market activities further. 

Near to the weekend, there are not many transactions heard in the market. On the trader’s side, they sold Middle Eastern HDPE Film at $770/ton, same with the initial offer level from the producer. Compared to last week, such a level is $30/ton higher. The company also received offers for PP Homo Raffia and PP Homo Injection at $830-840/ton, which increased by $30-40/ton from last week. But such a level was considered too high, so the trader told SSESSMENTS.COM that they did not follow up the offers. All offers are on LC at sight, CIF China Main Port basis.

Click below to view related stories and content on the China PE market:

DailySSESSMENTS: China PE Price 6th May 2020

DailySSESSMENTS: China PE Price 7th May 2020

NewsSSESSMENTS: Local PE, PP Prices In China Market May 6

WeeklySSESSMENTS: China PE Prices w/c May 4

Import PE, PP offers on LC at sight, CIF China Main Port basis

OriginsProductTransaction TypeOffers in USD/ton
Middle EastHDPE FilmOffer Received770
Middle EastHDPE FilmSold770
Middle EastPP Homo RaffiaOffer Received830-840
Middle EastPP Homo InjectionOffer Received830-840

Tags: Asia Pacific,China,English,News,PE,PP

Published on May 7, 2020 6:48 PM (GMT+8)
Last Updated on May 7, 2020 6:48 PM (GMT+8)