18 Jan 2021
A major local producer in Indonesia reportedly slashes spot PP offers on the first trading day of the week as a result of the persistently weak demand condition.
The uptrend might subside toward the end of the month, source said, considering the fact that many manufacturers would gradually wind down operating rates.
Demand in Vietnam is especially weak because most customers have replenished comfortable stock ahead of the Lunar New Year holiday.
Transactions are strong this morning signaling the return of buyers to make replenishment before the Lunar New Year holiday.
Trading activities in the local market are rather strong this morning as manufacturers become more willing to make replenishment
15 Jan 2021 ABS Inj (Natural)
The reduction is in line with the on-going price correction cycle across the Asia market due to the stiff resistance from buyers coupled with the falling upstream costs.
15 Jan 2021
The producer reduces the auction volume for homo-PP substantially from the previous days.
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