12 Apr 2021
Vietnamese buyers portray stiff resistance toward the new prices, especially after domestic spot offers inch lower due to the persistently sluggish demand condition.
Sources said that buyers remain reluctant to make purchases while expecting further reductions to emerge in the coming week.
The number of transactions are rather sluggish this morning, reflecting the lack of confidence in the near term outlook among Chinese bidders.
The price reductions do not appear attractive to customers, who are seeking larger discounts considering the sharp decreases on the futures market.
10 Apr 2021
It is expected that the regional propylene market would remain on the softening trend in the near term, considering the weaker demand from the downstream PP market.
09 Apr 2021
Buyers are cautiously monitoring the impact of the global semiconductor chips shortage on the home appliances sector, which has yet been quantified.
The lack of confidence persists in the LLDPE market, reflected in the low number of transactions in spite of the substantial cut back on auction volume.
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