11 Sep 2023
While being active, Indonesian buyers also portray a certain degree of restrained purchases, in which most transactions are in small quantities.
As reported earlier, the distribution PE market in Indonesia has been moving in an opposite direction compared to the official price list from the local producer or the regional market.
Most traded PP and LLDPE contracts for January 2024 delivery on the Dalian Commodity Exchange rebounded from last week’s dive after improved credit and consumer price index (CPI) indicates the country’s economy is stabilising.
Sources expected purchasing activities to remain satisfactory in the immediate terms as converters stocking up cargoes ahead of the long holiday.
08 Sep 2023
A minor discount of CNY50/ton is observed on the spot LLDPE film cargoes while producers maintained a firm stance on other grades.
The coal-based producer stepped back on the deal price for LLDPE by CNY20-50/ton from the previous session while maintaining homo-PP unchanged
07 Sep 2023
It is important to note that although most of the PP plants in the country are operating below the optimal rates, the overall supply condition has not dropped significantly.
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