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Vietnam's petrochemical market is severely affected by the epidemic

 Last Update: 2021-08-27
 Source: Internet
 Author: User

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According to recent news from Axunsi Singapore, Vietnam’s latest movement restriction order to curb the surge in new crown pneumonia cases has severely affected the country’s petrochemical market
.

Market participants in the polyethylene (PE) industry in Vietnam said that due to strict control measures, they are facing severe demand weakness
.

Despite this, the price of PE in Vietnam has risen sharply recently

In the styrenic resin market, since the end of July, the demand for styrenic resins (including CFR imported resins and locally delivered resins) from end users or distributors in Vietnam has weakened
.

Unable to meet the government's stricter activity restrictions, some original equipment manufacturers decided to shut down or operate at a lower level of operating rate

At the same time, the purchase momentum of ethylene-vinyl acetate copolymer (EVA) resin by downstream footwear manufacturers in Vietnam is mixed
.

Some of these processors are able to achieve low operating rate levels of production

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