19 Aug 2021
Trading sentiment remains soft in the Indonesian import homo-PP market this week and the sharp reduction in non-dutiable Vietnamese cargoes challenges the competitiveness of other materials.
13 Aug 2021
Although a major local producer kept the price list unchanged from the previous week, the distribution market started to cut LLDPE film offers, as the previous week’s hikes bumped into stiff resistance.
12 Aug 2021
Local suppliers maintain spot offers unchanged with the hope that demand would pick up after the government allows shopping malls to open 25% capacity that would entice end-product demand.
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
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.
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.
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