03 Feb 2023
Indonesian customers did return to make some replenishments because of the well-expected higher offers in the coming week. Still, many buyers are shocked when a key domestic producer actually up-adjusted spot offers by mid of the week.
26 Jan 2023
In the PP block copolymer sector, new offers remain on a stable to firmer trend. However, unlike the homo-PP market, there are reports of many buyers in this segment have not restocked sufficiently
The import PE market in Indonesia remains on the stable to firmer track though the number of new offers is rather limited due to the Chinese New Year holiday. Transactions are thin following the unexpected price cuts from a key domestic producer.
19 Jan 2023
The downside is that buyers tend to source the needed quantity from the import market, also to take advantage of the stronger Rupiah that makes US dollar-dominated cargoes more competitive.
This week, buyers rush back to the market motivated by the fear of supply tightness, especially with the surprisingly strong last-minute purchasing activities among Chinese customers.
13 Jan 2023
International suppliers started to open February shipments offers to Indonesia this week, which is much earlier than usual due to the upcoming Lunar New Year holiday. Citing the falling supply globally, import offers jumped higher...
12 Jan 2023
The import homo-PP market in Indonesia rallied this week on the back of a tightening supply outlook in the first quarter of the year. Although the supply tightness is evident, not all cargoes are accepted...
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