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Polymer demand cools down ahead of holidays in Thailand

April 02/2012
(plastemart) -- Polymer demand in Thailand, which has been stronger than demand in other Southeast Asian countries for most of the last two months, is beginning cool down following several consecutive local price hikes and with the approach of the Thai New Year holidays next month.

Many distributors report that they are feeling cautious about replenishing their stocks for now given their uncertainty as to how demand will be affected by the upcoming holidays while some converters report that they are starting to feel more comfortable with their stocks these days and are accordingly feeling less pressure to source additional cargoes.

In the PP market, an increasing number of players are beginning to describe demand as normal while several distributors are already shifting their focus towards late April and the period after the Thai New Year holidays. Prices are stable this week and demand for our end products is normal, reported a converter in the plastic bag sector. Another plastic bag manufacturer stated, Local prices remain at high levels these days.

We are not planning to make any fresh purchases for now as we are feeling more comfortable with our stocks after pursuing an active purchasing strategy for the past few months. A distributor reported that they are taking a less active part in the market for now while waiting to gauge market sentiment after the holidays.
Author:Marina Ivanova
Category:General News
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