05 Aug 2021
Several importers with approved BMDTP have accepted Saudi homo-PP yarn in the range of $1230-1250/ton CIF Indonesia, while others insist on bids at $1200/ton with the same terms.
Apparently, LDPE film is the weakest performing grade this week as buyers refused to make new purchases even after a reduction of $40/ton on Thailand cargoes is available.
29 Jul 2021
Besides the sluggish buying sentiment, the market seems to face another point of pressure – the persistent presence of competitive materials being export/re-export from China.
A major local producer maintains spot offers stable this week; a price decision that market participants attributed to the maker’s ability to export cargoes to other markets for better margins.
22 Jul 2021
With BMDTP available, Indonesian buyers are turning to dutiable homo-PP cargoes, especially Chinese parcels for shorter lead-time.
With the revival of the BMDTP scheme and the healthy demand from the food packaging sector, the outlook for the PE market seems bullish.
15 Jul 2021
The larger market is waiting for further announcement from the government on the lockdown extension, which would further curtail end product demand.
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