Dec 04, 2024 1:24 a.m.
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Market Wrap Weekly Overview

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Indonesia – Weekly PP Wrap Up - 04 July 2024
For the first time in 2024, spot PP film prices in the local Indonesian market have fallen below the IDR 19,000,000/ton threshold, driven by persistently weak demand conditions.
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28 Jun 2024

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Indonesia – Weekly PP Wrap Up - 27 June 2024

Similar to other markets within the region, the Indonesian homo-PP sector is primarily supported by the strong shipping costs. On the other hand, there is a slew of bearish factors weighing on the sentiment, including the reviving supply condition.
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28 Jun 2024

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Indonesia – Weekly PE Wrap Up - 27 June 2024

The overall supply condition in the LDPE sector would take time to improve despite the recent restart at several key international plants. However, the downtick in the Chinese market might encourage Indonesian buyers to assess the prospect of new purchases at the current price levels.
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21 Jun 2024

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Indonesia – Weekly PE Wrap Up - 20 June 2024

According to a Saudi Arabian producer, although the company has long-term contracts with shipping lines that help to minimize the impact of the surging freight rates in recent weeks, some increases in surcharges are inevitable.
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20 Jun 2024

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Indonesia – Weekly PP Wrap Up - 20 June 2024

The persistently lethargic finished goods market is not expected to improve in the immediate term, which would continue exerting pressure on the local PP sector.
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13 Jun 2024

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Indonesia – Weekly PP Wrap Up - 13 June 2024

While customers complain about the lethargic finished goods businesses, overseas sellers work to mitigate the shipping risks by not committing to large orders. Sources said that many sellers are absorbing parts of the hikes in shipping costs, however, other parts must be transferred to customers.
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13 Jun 2024

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Indonesia – Weekly PE Wrap Up - 13 June 2024

On the other hand, the softness in the HDPE sector is noticeable, but Indonesia is not the only market in Asia where HDPE is losing premium over LLDPE film. Nevertheless, Indonesian traders attempted to maintain a firm stance on the cargoes
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06 Jun 2024

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Indonesia – Weekly PP Wrap Up - 06 June 2024

Only a small number of transactions were reported as buyers claimed to have comfortable inventories while assessing the impact of the weak energy complex and the depreciating Rupiah on the market outlook.
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