A pipe manufacturer in the Philippines informed SSESSMENTS.COM that the company is currently running below 10% of the normal production rate due to the workforce shortage. According to the manufacturer, the workers could not come to work due to the transportation issue, which expected to persist until next week. As such, the company could not meet all orders from the ongoing project. In terms of orders, no fresh local offers received by the manufacturer. Moreover, a local PVC producer prefers to focus on the export market considering the slow demand in the local market amid the lockdown.
As for June shipment, the manufacturer opined to SSESSMENTS.COM that if the leading Taiwanese PVC producer increases June shipment prices, buyers’ response will be cold as most of them would only make procurements on a need basis amid the slow businesses due to the lockdown. Additionally, the Philippines PVC market expected to remain pessimistic onward as the market will need a few months to gradually back to the normal track. On the manufacturer’s side, orders from the ongoing projects will be less, while new infrastructure and private sector projects have yet to start.
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