21 Dec 2020
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.
In Vietnam, players are puzzled by the large location gap with China, especially for homo-PP cargoes with a $140/ton difference.
17 Dec 2020
Sources informed that the suppliers initially refused to offer any discount citing the lack of availability, yet finally stepped back due to intensifying resistance from the market.
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