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.
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