Disappointing summers are a given in the UK, and after years of drizzly days out we are accustomed to the gloom, but it appears Brazil is not.
Participants in the Polyethylene Terephthalate (PET) market have been greatly affected by the unexpected chill that covered Brazil this summer.
Buyers and manufacturers purchase all of their material ahead of the summer season in anticipation of price increases, but because demand fell, they have been left with a lot of excess inventory.
To try and get rid of some of the excess stock that has been created, producers are attempting to ramp up export activity in order to make up for lost margins.
Brazil’s economy will continue to struggle over the next few months as temperatures drop further and winter approaches, there are no more carnivals and the tourist season is departing.
Here at TS we understand the issues companies have with excess inventory. We may not buy excess plastic bottles but what we do buy is your excess electronic component inventory.
It you’ve had a bad summer with selling your electronic components, or you have no further use for them post production, we can offer a cash injection to your company.
All you have to do is call Oliver on 01904 436420.