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Traders: PP, PE outlook for 2H March cloudy in China

by ChemOrbis Editorial Team -
  • 03/03/2015 (11:00)
Traders active in China’s PP and PE markets report that while prices are likely to remain firm throughout the first half of March, the outlook for the second half of the month is more cloudy as supply concerns may ease while there is still some uncertainty about the strength of post-holiday demand on the converters’ side.

“There are some turnarounds in the region that are helping to push PP and PE prices higher for the present, but we have not seen any real improvement in demand from converters yet and we feel that the market may struggle to maintain its current momentum into the second half of the month,” a distributor stated.

Another trader added, “The sharp increases seen since the end of the holidays have mostly been driven by traders as many converters have not returned to the market yet. There a good number of cargoes currently en route that are slated to arrive by the end of this month and this may result in some easing of the current availability concerns.”
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