It is expected that South Korean suppliers would extend the aggressive selling stance to the Indonesian market following the latest price rout in China and Vietnam. Spot homo-PP yarn from this origin is now $20/ton lower than the previous week, still, attracts limited buying interest
Overseas suppliers started to open June shipment offers to Indonesia this week, predictably, at lower levels compared to May. The market was calm at the beginning of the week, but negotiations become brutal toward the weekend, following the slump in China and Vietnam.