19 Mar 2021
Customers continue to source the needed quantity from arbitrage traders, whose offers remain below the producer’s price list.
18 Mar 2021
Vietnamese buyers remain calm to assess the market outlook before making the decision, however, mostly expected further price reductions.
Buyers seem more confident in making new purchases today as the deal prices move lower from the previous session.
While local producers decided to maintain spot PP and PE prices unchanged, it is reported that traders are open to negotiation with serious buyers.
17 Mar 2021
One thing to be sure of is that purchasing interest would weaken further because of the perceived higher risks associated with the upstream market.
Although the extent of the price reductions remains smaller than expected, this marks the second week in a row the supplier cut prices.
Transactions plunged drastically from the previous trading day, underlining the falling demand condition in the local ground even though prices remain largely unchanged.
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