Asian Recycled PET: Prices remain unchanged for trading- Key export destinations face demand lull- Chinese
demand recovery remains a major concern in the COVID spikeAsian recycled low-density polyethylene
prices were stable this week, compared to July 6th. Higher raw material costs
offset poor macroeconomic prospects. Insights were told by sources that producers are feeling the
effects of a shrinking feedstock supply and higher processing costs. Meanwhile,
concerns about weak global economic performance cast doubt on demand strength. As key export destinations suffer prolonged demand lulls,
some suppliers are reportedly focusing on domestic clients. The main problem is that China's economy still hasn't
recovered from the lockdowns being lifted. One source said that they are slow to import right now. Another slump in demand could be coming as authorities
announce new restrictions in the country’s Eastern cities in...