07 Feb 2022
However, it is expected that buyers in Southeast Asia might not be able to accept the new offers taking into account the also high shipping costs.
The surging local market has also been elevating the import market. In fact, import homo-PP yarn based on CIF Indonesia terms climb higher at a much quicker pace compared to other markets within the region, data from CommoPlast showed.
However, part of the market remains cautious citing the concerns over the sustainability of the hikes.
Apparently, the inventory pressure remains very much manageable as the inventory piled up less than 1 million tons for second year in a row.
28 Jan 2022
Buyers decided to make replenishment in anticipation of further increases ahead, once the preparation for the Ramadan season kick in.
Buyers are unable to transfer the costs to end-product selling prices, hence adopted a wait and see stance hoping the supply condition would improve in February
27 Jan 2022
Sources said that the bullish development in the regional PP market, where a series of plant shutdowns coupled with the surge in crude oil would likely push offers higher in the coming weeks
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