01 Mar 2021
This is the ninth straight monthly increase on the back of supply tightness.
01 Mar 2021 PET Bottle
The price hike is very much in line with the market expectations considering the tightening availability and the constantly firming upstream MEG and PTA costs.
In the second price adjustment, the maker slightly increased PE prices by $10/ton while keeping PP unchanged.
Allocation for LLDPE continues to be larger than usual, underlining the difficulty facing the producer in selling in the spot market.
Transactions throughout the early hours of the first trading day of the week are sluggish as players prefer to wait on the sideline.
26 Feb 2021
Regardless of the drastic hike, it is expected that the producer would not face any difficulties in achieving deals without discounts.
Such movement is observed across the Southeast Asia region as manufacturers prefer to secure new PO for end product before proceeding with new replenishment.
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