19 Aug 2021 PET Bottle
The government has been gradually lifting movement control measures, allowing markets and malls to reopen, easing the pressure on end product businesses.
19 Aug 2021
Meanwhile, the steep reductions in the futures market pushe arbitrage traders to redirect cargoes to the spot market at large discounts to deplete the on-hand stocks.
19 Aug 2021 Propylene
Tighter spot availability might elevate the propylene market slightly, however, any significant increases would face stiff resistance. Downstream PP market is not strong.
The number of transactions remains mediocre toward the end of the week, especially for homo-PP and LLDPE cargoes
18 Aug 2021
In spite of the fresh concerns over the political turmoil that left the country without a Prime Minister, buyers are planning to make some purchases in anticipation of continued firming trend in the coming months.
Traders continue to maintain a firm stance on LDPE film cargoes given the supply tightness condition while buying interest in other grades has not caught up.
In an interesting development, the number of transactions for LLDPE film recorded a sudden fall from the previous session, raising questions over the demand condition
Don't have an account? Register