- A trader based in Ningbo informed SSESSMENTS.COM that the speculation in PP Homo Fiber market has been weakened. As such, the PP market is back to supply and demand issues. At the moment, the production rate for PP Homo Raffia at the two leading Chinese polyolefins producers is around 28% from normal capacity. Considering the current production rate, more PP Homo Raffia cargoes will be available in the market around May 1, and the supply will be back to normal. Demand-wise, at the moment most market players still prefer to wait on the sidelines due to a lot of uncertainties in the market.
- On the supply side, market sources in China informed SSESSMENTS.COM the inventory level of the two leading Chinese polyolefins producers stood at 770,000 tons as of Tuesday morning, a reduction of 30,000 tons from Monday’s level.
Click below to view related stories and content on China PP:
DailySSESSMENTS: SEA PP Price 27th April 2020
DailySSESSMENTS: China PP Price 27th April 2020
DailySSESSMENTS: SEA PP Price 28th April 2020
