06 Apr 2023
New import offers, particularly from dutiable origins remain limited this week, as April businesses are concluded and sellers prefer to take a step back to assess the latest development...
31 Mar 2023
The import homo-PP market starts to show signs of stabilisation after hitting multi-month lows in the previous week as key regional suppliers refused to concede to additional price cuts citing reduced sales pressure...
Key regional and international suppliers announced April shipment offers to Indonesia this week with sharp reductions from March – a development market players well expected...
24 Mar 2023
In the domestic spot market, attempts to maintain spot offers stable by key local producers are undermined by the rapid price deterioration on the import ground and the consistent presence of new materials from a Malaysian plant.
Despite the uptick in purchasing activities in China market, expectations for further price reductions among Indonesian buyers have not altered.
17 Mar 2023
Besides the lack of finished goods orders, Indonesian customers are returning to the domestic market to source the needed quantities while avoiding currency exchange risks.
Another focal point of the domestic market this week is the increasing challenges converters face in collecting payments. A number of these customers started to report tighter cashflow, which discourage them from replenishing raw materials.
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