Asia’s petrochemical business will remain fragile as China will go on a Golden week holiday from 1-7 October.
Recently some traders in some markets were hesitant to make big purchases ahead of China’s National Day holiday. While some downstream users started to build inventories on concerns that prices would increase sharply after the holiday.
As per report, in melamine market, major Chinese exporters have increased offers due to higher feedstock cost and increasing buying enquiries before the Golden Week.
