Polymer inventories in China continue to fall
Polymer inventories in China are continuing to fall, signalling convertors' return to resin buying after a months-long coronavirus-related lockdown in the country.
Inventories held by key state-controlled producers Sinopec and PetroChina were at 890,000t today, down by 100,000t from a week earlier, marking a fourth consecutive week of decline.
But compared with the usual level of about 700,000 tonnes, stocks are still high.
The price of linear low density polyethylene (ldpe) has risen from $25 a tonne last week to $720 a tonne today, while hdpe has risen $45 a tonne to $755 over the same period.
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2026-09-10
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