Jul 27, 2024 3:45 p.m.
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Market Wrap Weekly Overview

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Indonesia – Weekly PP Wrap Up - 25 July 2024
International suppliers have continued to lower their homo-PP offers to Indonesia this week. This trend is driven by the relentless downtrend in the local market and widespread weak demand conditions across the region. Transactions remain thin as buyers hold back new purchases, anticipating steeper discounts in the near future.
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25 Jul 2024

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Indonesia – Weekly PE Wrap Up - 25 July 2024

Industry insiders have pointed to logistical constraints preventing Southeast Asian suppliers from shipping their cargoes to further destinations, leading to heightened competition within the region. Although suppliers have employed a dynamic price-setting strategy to attract buying interest, it has thus far only pushed buyers to the sidelines.
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17 Jul 2024

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Indonesia – Weekly PP Wrap Up - 17 July 2024

As reported earlier, a key local producer has been slashing spot offers for three consecutive weeks, resulting in an accumulated reduction of IDR 2,690,000/ton ($166/ton) in homo-PP yarn and injection prices.
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17 Jul 2024

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Indonesia – Weekly PE Wrap Up - 17 July 2024

Although the shipping costs remained elevated, a major Saudi Arabia producer has expressed selling ideas for August shipment at lower levels to counteract the multifaced challenges in this market.
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12 Jul 2024

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Indonesia – Weekly PE Wrap Up - 11 July 2024

Trading sentiment in the domestic spot market has nearly come to a standstill after a major local producer reduced PE offers for the second consecutive week this month. Sources believe that the downtrend will persist in the coming week, further discouraging buyers from engaging in new transactions.
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11 Jul 2024

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Indonesia – Weekly PP Wrap Up - 11 July 2024

The Indonesian homo-PP market exhibited a stable to softer trend this week, with a significant local downturn overshadowing efforts by overseas suppliers to stimulate buying interest...
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05 Jul 2024

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Indonesia – Weekly PE Wrap Up - 04 July 2024

In the LDPE market, the rally seemed to hit the ceiling. The softening of local and import markets in China severely hit buying sentiment in Indonesia, leading to a marginal price reduction of IDR 100,000/ton in this market.
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04 Jul 2024

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Indonesia – Weekly PP Wrap Up - 04 July 2024

For the first time in 2024, spot PP film prices in the local Indonesian market have fallen below the IDR 19,000,000/ton threshold, driven by persistently weak demand conditions.
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