Indonesia – Weekly PP Wrap Up - 22 May 2024

Earlier this month, heightened tension in the Middle East coupled with a surge in crude oil caused a wave of panic buying among Indonesian PP buyers, from which most converters now still have weeks’ worth of inventory.

23 May 2024

Indonesia – Weekly PE Wrap Up - 22 May 2024

The LDPE film sector is very much driven by the severe supply tightness across the globe. A series of maintenance shutdowns in Asia and the Middle East curtailed availability and pushed prices higher for several weeks in a row.

16 May 2024

Indonesia – Weekly PP Wrap Up - 16 May 2024

Having comfortable inventory on hand after the latest round of replenishment, buyers now prefer to wait on the sideline with expectations that the market might see further discounts ahead.

16 May 2024

Indonesia – Weekly PE Wrap Up - 16 May 2024

While traders are concerned about the restocking costs, it seems inevitable that traders have to offer discounts on HDPE and LLDPE film cargoes in order to attract buying interest.

10 May 2024

Indonesia – Weekly PP Wrap Up - 09 May 2024

The domestic spot market is rather dormant. The short trading week coupled with the appreciation of the Rupiah against the US dollar encouraged buyers to wait on the sideline for clearer direction.

10 May 2024

Indonesia – Weekly PE Wrap Up - 09 May 2024

With the Rupiah regaining some strength against the US dollar coupled with the tight local availability, Indonesian customers seemed more keen to engage in negotiations for fresh buys.

02 May 2024

Indonesia – Weekly PP Wrap Up - 02 May 2024

At least two Vietnamese producers are scheduled to come back from maintenance in May while there have been reports of rising export activities from Chinese suppliers.

02 May 2024

Indonesia – Weekly PE Wrap Up - 02 May 2024

In China, a number of transactions have been recorded at the start of the week that somewhat signified pre-holiday replenishment activities. Customers here have accepted a $25/ton increase in Indian LLDPE film

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