17 Dec 2020
The market is watching out for pre-Lunar New Year replenishment activities now that manufacturers would allow the first batch of workers to leave for the holiday by 10 January 2021.
16 Dec 2020
Sources said that the downward pressure on the import market is building up and the only factor that supports higher prices is the shipping costs at the moment.
16 Dec 2020 PET Bottle
Although shipping costs to Southeast Asia have cool off over the past week, Chinese exporters are still unable to locate sufficient empty containers at the moment.
The number of transactions achieved on the auction platform remains very sluggish despite the lack of cargo availability.
There are limited movements in the domestic spot market this morning with buyers sourcing only in small quantities while waiting for additional discounts.
Mainstream PVC contracts for January 2021 delivery have been constantly falling since the beginning of the week as investors attempt to wrap up the remaining quantity before transitioning to the May contract.
15 Dec 2020
Buyers are expressing buy ideas for LLDPE film at around $1000/ton – similar levels with deals for Saudi cargoes observed late last week in China.
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