Notably, Shandong Yulong Petrochemical entered the international market for the first time since commissioning three PP production lines with a combined annual capacity of 1.1 million tons in December 2024.
As previously reported, overseas suppliers, particularly from the Middle East, are prioritising allocations to the Indian market, where demand is stronger and margins are more attractive. Given that the Saudi producer has successfully concluded deals
The PVC market in Indonesia typically experiences a slowdown during Ramadan, primarily due to reduced demand from the construction sector. In line with other Muslim-majority markets, Indonesia will observe Ramadan from 28 February to approximately 30 March,
Market participants note that Indonesian manufacturers in the PP and PE sectors continue to struggle with weak downstream demand despite the government’s decision to scrap its initial plan to raise the value-added tax (VAT) to 12%.