PO stabilize from slump while remain insipid

PO pricings have presented downturn since the beginning of Q4 and slipped further when it come into September.

PO trading value stabilized from the downward trend in spite of slack sentiment.

Transactions slowed due to imports supplement and limited downstream demand Since September. Nowadays PO market stabilized and manufacturers produced on order-to-demand basis while downstream purchased rather prudently. Market bearish stance remained. Downstream market has gone into slack season when it came into October and PPG producers had low interest for purchasing as a result of limited demand. PO future market was still faced with severe challenge as imports haven’t been consumed yet and products from PO new plant traded at low level, which depressed the PO market.