According to market sources, buyers are more willing to proceed with replenishment after obtaining discounts on growing expectations that the local market might have limited space to reduce substantially in the near term.
April is a short trading month in Indonesia. Many converters started to take off for the Ramadan holiday as early as 3 April 2024 amid the sluggish finished goods market, resulting in reduced needs for restocking. The market is officially off until 15 April 2024.