A major Indonesian producer implemented across-the-board price reductions on 27 April, marking the first official downward revision since the outbreak of the Middle East conflict on 28 February.
Chinese suppliers moved to raise homo-PP export offers to Southeast Asia on Tuesday, seizing on a pivotal regulatory shift in Indonesia to inject fresh momentum into a market that had been drifting ahead of the extended Labour Day holiday.
A full clearance for homo-PP yarn was achieved on Monday as firmer futures and stable baselines created a viable arbitrage window, while LLDPE clearances were moderated by expanded allocations and pre-holiday caution.