- Chinese domestic manufacturers reduce prices to
increase sales- Concerns about China's
downstream demand going ahead





Chinese ethylene domestic prices dropped on
July 4, amid bearish sentiment in the market, as downstream sectors continued
to suffer. According to market sources, there
is little interest in spot trades as downstream sectors are lowering their
production rates. Even though production rates have been cut in
Northeast Asia, propylene prices are still in a downward trend, particularly in
China, as worries over macroeconomic conditions continue to linger. Some market
participants expressed concern about China's future economy as the property
market continues to be under pressure. This is coupled with a steady decline in
sales volume, which could have repercussions on financials and commodities. According
to market participants, further reductions in propylene production rates are
expected after weak...