Petrotahlil - A source based in China while in conversation with a Polymerupdate team member informed about the current market situation in China for PP and PE.
The source said, "a few overseas producers have raised their offer prices for PP and PE sharply in China, owing to bullish PP and PE futures on the Dalian Commodity Exchange in China and higher upstream crude oil values."
The source further added, " in addition, the domestic producers have also reportedly increased their PP and PE ex-factory prices across all the regions in China, on the back of resumption of manufacturing activity in China."
Demand for PP and PE surged in China, following a requirement from the packaging and medical application industries to meet the demand across Asia.
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