The Philippines: Left With the Crumbs

China, Middle East, Philippines, Polyolefins

“Here’s your entire allocation for this month”

Resin%20handful.jpg

Source of Picture: Adammakwright.wordpress

In the words of a plastics converter from the Philippines: “Markets are so tight at the moment that we are left to pick up the crumbs. Suppliers are concentrating almost entirely on China.”

The converters have been waiting for so long for the great supply surge to tip markets in their favour that forecasting is becoming a joke.

“You told me last year that by now I’d be in heaven,” added the same converter.

But surely sometime soon it must change.

This converter and many thousands more like him will then enjoy the sweet taste of revenge (that’s, of course, as long as China doesn’t go belly up. In such an event the last company left standing wiill need to swtich out the lights on the way out of the proverbial room.

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