An Indonesian converter said, “Our end product demand for bottle caps declined by 30% during the November-December period while we anticipate even further weakening for demand during the rainy season in Indonesia, which will start around mid-April. We find the locally held prices more competitive than the Chinese PET imports and we wait to see further declines on offer levels.”
A Vietnamese converter noted, “Although our end demand is not too bad, we hope that it will improve further once the Chinese New Year holiday is over. For now, we are only meeting our urgent needs as we refrain from building up stocks. We can only consider building stocks if prices show a change on their southward direction.”