Asian Ethylene - Sentiment mixed in the uncertain market
direction- A
slight rebound in Chinese futures lifts sentiment- Producers
notice an increase in inquiries for September-loading shipmentsThe week ended July 29th was mixed for
Asian Ethylene market sentiment. Participants
noted that sentiment for mid-August arrivals was still weak due to weak
derivative margins. Some participants
noticed an increase in buying interest for arrivals in late August and early
September. Market sources indicated that
this was likely due to the low level of buying activity in previous months,
which resulted in lower stock levels for buyers. According to a Chinese producer, buyers are more confident
after the recent rebound in downstream China futures prices. It was not clear if the downstream recovery would last, as
the finished goods market is still weak. "The
temporary restocking may not be permanent. Buyers realized...