China standard thermoplastics June 2020: Notations head upwards for all grades / PVC skyrockets / Demand recovering but supply generally short / Higher crude oil prices / July to see supply improve
Prices for standard thermoplastics on the Chinese market rose in June. Demand was recovering, but supply was low across the board. LDPE notations climbed steeply due to delayed import deliveries and the higher price of crude oil, while LLDPE prices headed upward on a more moderate incline, also due to delayed imports from India and Iran and a strong futures market. Ethylene-based PVC took a sharp upturn and was 11-12% more expensive this month. In July, supply should improve for most grades except... (15.07.2020)