Following a satisfactory volume of transactions in the previous week, key Chinese PP suppliers have opted to maintain a firm stance on export offers, testing market responses amid tightened supply conditions in Asia.
Although the Rupiah has slightly rebounded from its eight-month low recorded on 3 February 2025, it remains above the critical IDR 16,000-per-dollar threshold. The producer’s decision to hold prices steady, despite the potential cost impact, underscores the persistent challenges confronting Indonesian sellers