16 Nov 2021
Indian customers are not responding positively toward the new prices, considering the active purchases in the previous month at much higher levels.
Speaking to CommoPlast, several key trading houses in Southern China claimed to have depleted a good number of cargoes these two days
15 Nov 2021
Apparently, Chinese cargoes started to lose competitive advantage in Vietnam as South Korean and Thailand suppliers introduce large price cuts to regain the buying interest.
The auction allocations have dropped sharply from last Friday as the producer claimed to have tighter availability.
Demand in the local Vietnam market has been weakening over the past week although most of the lockdown measures have been lifted.
Recently, even PE packaging makers are facing difficulties in lifting end-product prices, forcing these companies to operate with squeezed profit margins.
The falling futures market drags domestic spot PP and PE prices lower, however, customers are also more willing to make replenishment after the reductions.
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