18 Nov 2020
Sentiment in the domestic spot market once again picks up significantly by mid of the week despite the substantial price hike compared to the previous day.
Sentiment remains healthy in the domestic ground, sources said as buyers continue to make replenishment in preparation for the Lunar New Year orders.
17 Nov 2020
Transactions dropped visibly on the second trading day of the week as players take a step back in resistance to the firmer deal prices.
Sources said that buyers are still sourcing in small quantities and the price hike from local producers merely reflect the lack of inventory pressure.
16 Nov 2020
Supply across the region remains tight at the moment that partially supports the firming trend.
Players expected the market to sustain the uptrend throughout the month, especially with the fresh price hike from a major international supplier.
PP offers stabilized for the first time in nearly three months, highlighting the fact that market resistance is building up and buyers are unable to absorb the drastic increases.
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