Asian PP: Pandemic caps Chinese demand; SEA lower on light trading Sentiment bearish on lockdowns in China Trading in Southeast Asia is slow amid Songkran, RamadanPandemic-related concerns remained front and center in
the Asian polypropylene marketplace on April 13. East China caused domestic
cargoes to fall from Yuan 150-200/mt during the week, to Yuan 8,650-8,850/mt. China's domestic trade
volume declined against Shanghai's strict lockdown measures. Although restrictions were lifted earlier in the week the
sentiment has not changed as authorities continue to use a zero COVID-19
strategy. One market source said that
"demand is already low but factories that want to purchase are still
facing distribution difficulties as it's difficult to move between
cities." Traders said that logistical
problems in the port city have also limited exports. They also added that
inventories of suppliers...