Asian Recycled HPPE: While prices remain stable,
bearishness continues■ Market activity in China is impacted by poor demand■ Virgin HDPE Prices See DownturnAsian recycled high-density polyethylene
prices remained stable on Aug. 10, as trading activity remained low, despite bearish demand fundamentals. As
China, a key importer of recycled HDPE continues to maintain its zero COVID-19
strategies, the market for HDPE continued to struggle with low demand and little
activity. According to media reports,
Hainan province has implemented movement restrictions measures and suspended
public transport since the week ending Aug. 6, in response to increasing cases. CFR demand was also low due to rising inflationary pressures
and a stronger dollar. One industry source
said that market liquidity was very low because most people recycle locally. Crude prices rose slightly upstream from the previous day. The ICE October Brent crude...