07 Dec 2020
Buyers are puzzled with the new price list and prefer to wait on the sideline due to the inability to convince end-product customers to accept the raw material prices.
After a week of sluggish sentiment, trading activities on the auction platform rebounded strongly on the first trading day of the new week.
Local suppliers are responding to the rebound on the futures market to implement some increases on spot PP and PE cargoes.
04 Dec 2020
Sentiment in the local Vietnam market calms down toward the end of the week as new COVID-19 cases spurred fear of lockdown that could potentially hurt demand.
As the concluded price for homo-PP reduced compared to the previous trading day, especially the lower end of the overall price range, customers become more active in making purchases.
Customers decided to make some replenishment after obtaining additional discounts.
03 Dec 2020 PET Bottle
The logistics situation has also brought up concerns among Indonesian customers on the longer lead time from the import market.
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