The Asian PET bottle market has witnessed a consistent decline in buyer interest over recent weeks, following a surge in restocking activities during September and October. Industry participants suggest that this prolonged downturn has inflated inventory levels in China
However, the decision to forgo immediate consumption-boosting measures has raised concerns. While some market participants see potential long-term benefits in the debt swap plan, others remain skeptical about its ability to catalyze near-term growth.
In Southeast Asia, market sentiment is equally restrained. Regional and international suppliers have largely refrained from active engagement, seeking to reassess positioning amid rising shipping costs and weakened local currencies.
Shenhua’s first trading session of the week closed on a lackluster note, falling short of market expectations despite a significant reduction in auction volume. Declines in futures contracts on the Dalian Commodity Exchange discouraged arbitrage traders from purchasing coal-based parcels, resulting in subdued activity on the Auction Platform.
As the National People’s Congress wraps up, concerns are mounting over whether policymakers will enact more substantial interventions to stabilize the housing market and, by extension, support the PVC industry.
Speculation is building over whether Indian buyers will move to secure additional overseas shipments before the potential duties come into effect. However, many importers are reportedly holding back from panic buying