Major producers’ polyolefin inventories in China fall week on week
by ChemOrbis Editorial Team - content@chemorbis.com
According to traders, China’s two major local producers’ combined polyolefin inventory has retreated on a week to week comparison to move below 600,000 tons.
Inventories have decreased nearly 9% from 625,000 tons on January 8 to stand at 570,000 tons as of January 15.
The fall in inventory levels was mainly attributed to restocking activity in the local PP and PE markets prior to the approaching Chinese New Year holiday in mid-February.
Inventories have decreased nearly 9% from 625,000 tons on January 8 to stand at 570,000 tons as of January 15.
The fall in inventory levels was mainly attributed to restocking activity in the local PP and PE markets prior to the approaching Chinese New Year holiday in mid-February.
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