China Morning Snapshot – 13 January 2021

13 Jan 2021 Players remain cautious about the near-term outlook amid the spreading COVID-19 related lockdown that restricts the movement of goods this week.

12 Jan 2021

Taiwanese major lifted February PVC offers to Asia market

It is expected that Indian customers would off-take the quantity quickly given the relatively stronger demand condition in this market.

12 Jan 2021 PET Bottle

Local PET market in Indonesia firm up despite the softening demand

A major local PTA plant in Indonesia is scheduled to shut down in March 2021 for approximately three (3) weeks for maintenance, creating more upward pressure on the market.

12 Jan 2021

China: Auction sales result for Shenhua's coal-based PP and PE

As prices inch lower compared to the previous day, the number of deals concluded have also improved

12 Jan 2021

China Morning Snapshot – 12 January 2021

Suppliers continue to cut prices despite the larger than expected inventories digestion in the local ground due to the lack of confidence in the near-term outlook.

11 Jan 2021

Local producer slashed PP, PE offers in Indonesia

Local demand in Indonesia has been relatively weak since the beginning of the year as manufacturers continue to face difficulties to implement any increases on end-product prices