Despite price adjustments, buyers maintained a cautious, hand-to-mouth purchasing approach. While LLDPE transaction volumes appeared to rise by 33%, a closer look revealed that allocations had been cut by 32%, leaving actual buying activity largely unchanged from the previous day.
While the rollover aligns with the stable international pricing approach adopted by a key Taiwanese producer for March, Indonesian buyers have voiced strong dissatisfaction. The combination of a persistently sluggish end-product demand and the availability of more competitively priced Chinese cargoes
The Rupiah depreciated to a historic low in early March, reaching IDR 16,524 per US dollar, driven by escalating global trade tensions. Under typical market conditions, such currency weakness would exert upward pressure on domestic commodity prices.
The slowdown in purchasing activity was particularly evident in the LLDPE sector, where transaction volumes weakened despite reduced allocations. Only 54.6% of available cargoes were sold, marking a 40.1% drop from the previous morning session.