15 Sep 2021
Following the sharp hike in the futures market, local suppliers implemented fresh hikes on both PP and PE cargoes, shrugging off the resistance from buyers.
Earlier this week, two key PET producers within the region have lowered operating rates or announced unscheduled maintenance shutdowns.
Chinese bidders remain confident in making new purchases, reflected in the healthy level of transactions achieved.
14 Sep 2021
Demand in the local Vietnam market has yet to show any strong improvement as the country extended the strict movement restrictions until the end of September to curb the COVID-19 infection spread.
Chinese buyers are holding a conservative stance and prefer to buy hand-to-mouth basis, especially among woven bag manufacturers due to the squeezed profit margins.
Transactions are steady on the Shenhua Auction Platform on the second trading day of the week, though prices have yet to register any major changes.
13 Sep 2021 SPVC k67-68
Several Indian buyers said that the supplier shall not face any issue in achieving deals, just that customers are waiting for the confirmed allocations and shipping schedules.
Don't have an account? Register