15 Dec 2020
Sources are rather bearish about the near-term outlook citing the absence of major manufacturers in both the Northern and Eastern regions.
14 Dec 2020
Meanwhile, Vietnamese buyers are puzzled by the large location gap with Indonesia and the far LSD of 15 March 2020.
The reduction reflected the lack of purchasing interest, not only in Indonesia but also in other markets, especially in China.
The electricity shortage is further exacerbated by the coal shortage as demand for heat generator drastically increase during the winter time.
Trading activities improved significantly on the first trading day of the week, though availability for most of the PE cargoes remain relatively limited at the moment.
On the other hand, buyers prefer to wait on the sideline following news that a number of manufacturers in Northern China has been ordered to shut down due to the acute electricity shortage.
11 Dec 2020 PET Bottle
However, players are rather cautious about the near term market outlook now that the textile sector is entering the off-peak season.
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