20 Jan 2021
It appears that most export-oriented manufacturers might be operating well close to the Lunar New Year due to good end-product orders.
19 Jan 2021
The latest price cut does not appear attractive enough to stimulate strong purchasing activities and manufacturers are more enthusiastic to make replenishment than traders.
The number of transactions recorded on the auction platform this morning remains strong.
Buyers are a bit shy over the fresh price increases but would still purchase the needed quantities after discounts.
Most of these crackers are fully integrated with downstream units, leaving very limited excess quantity to the spot market, hence, maintaining the market balance.
18 Jan 2021
A major Saudi Arabia producer has expressed a bearish expectation on the demand outlook in Vietnam while raising sell ideas for both PP and PE at lower levels.
Despite the large price cuts, Indonesian buyers are not responding very positively toward the new prices, especially on PP cargoes
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