China’s mLLDPE prices increased marginally by x.xx during the week ending xxrd January, showing a decent pick-up.
At the start of the week, the mLLDPE market saw low trading activity, with the majority of the downstream players operating at reduced run rates, focusing on clearing finished goods inventory rather than actively sourcing raw materials. Raw material purchasing activity remained largely conservative, driven by weak order positions in various downstream sectors. Nevertheless, market sentiment improved throughout the week, driven by supply discipline from mLLDPE producers and traders&#xx; increased conviction in maintaining firmness in the market.
On the supply side, a number of local mLLDPE suppliers operated at closely managed operating rates, and some facilities undertook short-term maintenance. This effectively curbed availability in the open market and tightened prompt availability, thereby supporting a mild upward movement in mLLDPE prices. The supply-side discipline...
