(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. |
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