11 Nov 2020
The regional PET bottle market continued to face pressure now that demand from the polyester sector has weakened as fresh lockdown in the EU hurt textile export orders.
Sentiment has improved compared to the previous trading day, yet, buyers are not in the mood for aggressive purchases.
Manufacturers here are not having high on-hand stock and decided to make replenishment as prices go softer.
10 Nov 2020
Indonesian buyers are becoming more and more reluctant in accepting the latest hike in domestic offers amid squeezed profit margins.
Transactions on the Shenhua Auction Platform pick up significantly this morning in line with the rebound in the international equity market following the positive news on the COVID-19 vaccines.
The market is expected to track the stable trend in the near term amid softer purchasing interest and low inventory pressure among local and international sellers.
09 Nov 2020
There is no clear timeline to when the company would be able to resume delivery at the moment.
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