08 Dec 2020
According to local players, buyers are less active in making new purchases even after the discount observed on the spot PP cargoes.
07 Dec 2020
This is the first time since late October 2028 import homo-PP yarn to Vietnam breach above the $1300/ton threshold.
Buyers are puzzled with the new price list and prefer to wait on the sideline due to the inability to convince end-product customers to accept the raw material prices.
After a week of sluggish sentiment, trading activities on the auction platform rebounded strongly on the first trading day of the new week.
Local suppliers are responding to the rebound on the futures market to implement some increases on spot PP and PE cargoes.
04 Dec 2020
Sentiment in the local Vietnam market calms down toward the end of the week as new COVID-19 cases spurred fear of lockdown that could potentially hurt demand.
As the concluded price for homo-PP reduced compared to the previous trading day, especially the lower end of the overall price range, customers become more active in making purchases.
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