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Asian Chemical Connections

China’s LLDPE and LDPE markets see overstocking on unfounded recovery hopes

China’s LLDPE imports in February this year reached their highest level for that month on record – 499,168 tonnes.

This seems likely to have been overstocking on anticipation of the post zero-COVID bounce back that hasn’t happened, as imports in March April fell month-on-month by 6% and 7% respectively. January-April 2023 exports also reached 64,678 tonnes – 96% higher than last year.

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