There are mixed development in the import market this week as ASEAN cargoes registered a $10-30/ton increase from the previous week while deep-seas cargoes including from Middle Eastern and USA extended the softening trend. Nevertheless, buying interest remains limited amid the weak end-product businesses.
The domestic spot market firm up substantially as the Rupiah surges above the 15,000 threshold against the US dollar. Among the grades, limited supply due to the shutdown at Pertamina’s plant kept PP film offers at the high side of the overall price range.