China’s Jan PMI increases for sixth month, at a slower pace
The PMI was at a slightly lower reading of 51.3 in January from 51.4 in December but still stable due to a record high increase in bank lending as well as a construction boom. Any figure above 50 represents an expansion while any figure below 50 shows a contraction. The PMI figure also slightly beat the analysts’ expectations which called for a reading of 51.2 in January.
The country’s non-manufacturing PMI was slightly up to 54.6 in January from 54.5 in December.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PS, ABS markets take respite from rising streak in China, SEA
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers