While both HDPE and LDPE enjoyed healthy growth in terms of both import arrivals and domestic production outputs in May, LLDPE suffered a drop of 7% in imported quantities. Export LLDPE during the month grew exponentially at 58.4% from the previous month
Trading activities in Indonesia are heavily impacted by the weak end-produce businesses, comfortable inventories, and the depreciation of the Rupiah which make it more expensive to buy US dollar-dominated cargoes.
The Indonesian import homo-PP market has been tracking a stable to softer trend over the past weeks even though the neighbouring Vietnam market has shown a clear rebound. This week, the downtrend persists as several international suppliers cut offers right on the first trading day of the week.