google badge ios badge apk badge

Search posts by:

Newsletter successfully sent
Failed to send newletter

NewsSSESSMENTS: Philippines Trader Shares Pricing Outlook For PP After Government Imposed Various Categories Of Quarantine Restrictions


A Philippines trader shared with SSESSMENTS.COM on the pricing outlook for the PP market in the country as the government imposed various categories of quarantine restrictions. According to the trader, there will be no more low PP prices in the Philippines as market players have lost the opportunity to get lower PP prices due to the lockdown in the country.

Further explained, all areas in Luzon, except for Metro Manila, are currently under general community quarantine (GCQ). Some businesses and manufacturing including the polymer sector under GCQ will be allowed to reopen and to run production up to 80% from the normal rates. In contrast, the plastic industry in Metro Manila is still not allowed to operate as the area is still under enhanced community quarantine (ECQ). At the moment, no official announcement yet from the government, however, market players believe that the government will put Metro Manila under GCQ after May 15. The trader opined to SSESSMENTS.COM that businesses could not remain closed as it will paralyze the country’s economy. 

Click below to view related stories and content on Philippines PP:

NewsSSESSMENTS: Regional Trader Submits Bid For Philippines PP Cargoes Few Hundred Lower Than Initial Level

NewsSSESSMENTS: Month-Long Lockdown Halts Petrochemicals Market Activities In The Philippines, Congestion At Port

WeeklySSESSMENTS: SEA PP Prices W/C April 27

Tags: Asia Pacific,English,News,PP,Philippines,SEA

Published on May 5, 2020 5:45 PM (GMT+8)
Last Updated on May 5, 2020 5:45 PM (GMT+8)