21 Dec 2020
A reported earlier, many small-scale manufacturers in the injection sector are allowing worker to take off for holiday starting 20 December to 4 January 2021 in order to recalibrate the costs and profits.
The availability for homo-PP is much better than the previous week, however, transactions are weak partially due to the higher price levels the producers set for this grade.
Players are rather concerned over the new COVID-19 strain found in Europe, which could trigger tighter lockdown in this market and restraint end-product demand.
18 Dec 2020
Demand for ABS in Southeast Asia has been soft over the past several weeks as buyers are unable to transfer the rapid hike in raw material costs to end-products selling prices.
While the price adjustment reflects the general market trend, sources said that the actual transactions in the distribution market are at much higher levels.
With additional reduction on the deal prices, the number of transactions remain satisfactory on the final trading day of the week.
Spot offers gain CNY50-100/ton; however, most deals are done at the same levels in the previous day.
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