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Moroccan buyer: Demand may not improve due to holidays

by ChemOrbis Editorial Team -
  • 04/08/2015 (15:38)
A plastic end product manufacturer operating in Morocco spoke to ChemOrbis about their August expectations. The buyer, who is still waiting to hear new offer levels, reported expecting around €50/ton decreases on August levels given the globally softening trend.

“Buyers are reluctant to make fresh purchases given their expectations of further decreases, although many appear to be in need of re-stocking. This month, the slow demand conditions are not expected to change since the holiday lull has not faded. In addition to the Ramadan holiday, Morocco will have more than one national holiday this month. Therefore, demand is likely to maintain its quiet stance,” he commented.
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