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Economic concerns hit China polyolefins
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Trade Publication Article
Economic concerns hit China polyolefins
2020
Overview
Pessimism prevails in the China polyolefins market amid weakening supply-demand fundamentals, after circuit breakers were triggered four times in the US stock markets in March and Brent crude tumbled to an 18-year low. The crude crash has been rippling through the world's financial markets, raising concerns about a global economic recession. The pain is being felt in the polyolefins market, albeit only slightly for now. On Mar 23, linear low density polyethylene prices in east China were assessed at yuan (CNY) 6,250-6,600/tonne, down by 1.53% from the last weekly assessment ended Mar 20, while polypropylene yarn prices were at CNY6,450-6,700/tonne, shedding 2.2%, ICIS assessments showed.
Publisher
Reed Business Information UK
Subject
