(polyestertime) -- As polymer markets are seen squeezed between high costs and unsatisfactory demand in China, trading activities are mostly reported to be stalled with players preferring to take a wait and see stance.
They generally argue that any price cut is not seen possible in the near term considering the fact that polymer markets have been firm since the beginning of 2012 in China with sellers attempting to raise their offers for PP, PVC, PE and PS products due to the cost pressure from the upstream markets.
Nevertheless, demand has been showing an unsatisfactory performance, failing to meet the expectations about a rebound in the aftermath of the Chinese New Year celebrated at the end of January. This situation paved the way for regional and overseas suppliers to shift their allocations to other markets.
The players generally argue that any price cut is not seen possible in the near term considering the fact that
the upstream chain is maintaining its strength. However, they also do not think that large price hikes are likely
to materialize as long as demand retains its sluggish stance. Therefore, a stable to firm trend is expected to
be seen over the near term with prices fluctuating in a narrow range.