The mLLDPE market in China and India has experienced a noticeable decline during last week, with trading activity slowing amid weak downstream demand.听 The market sentiment remains weak as players await potential policy changes following the upcoming U.S. administration transition. A combination of reduced import shipments, ample supply, and the approaching Lunar New Year has led to downward pressure on mLLDPE prices.听 Consequently, mLLDPE prices in decreased by x.xx FOB Shanghai while Indian mLLDPE CFR JNPT prices were held steady as of January xx, xxxx.
China鈥檚 mLLDPE market has particularly struggled, with trading activity weakening significantly in recent weeks. The anticipation of new supply from both domestic production and incoming imports from the Middle East and the U.S. has fueled fears of market saturation, adding to growing pessimism. The risk of inventory build-ups ahead of the Lunar New Year is further adding to concerns of...
