As of April, AdPoly Trading – based in Panama, will start operating. Which will be responsible for expanding the supply of raw materials and quality products for the plastic transformation market.
The month of April will be a great challenge for the sector, dealing with the drop of the demand in the domestic market and another strong increase in prices for the PE and PP segments. The last ten days of March showed a sharp drop on resin demand, affected by the lockdown in most major cities in the country, which generates many uncertainties for the beginning of the forthcoming month. Prices continue to rise in the domestic market, impacted by exchange rates hikes at the end of March and another sharp rise in prices in the international market.
Despite the temporary reduction in the import tax for polypropylene – PP (14% to 0%), this will not represent significant and immediate reduction in local prices. International production is starting to normalize, but with low productivity still. Offers are beneath the needs of the global market, as producers struggle to regain normal production and replenish stocks.
ADPOLY – http://adpolygroup.com
Opencap Global – https://www.opencapg.com