06 Apr 2021
Suppliers elevated spot PP and PE prices to reflect the initial surge in futures contracts, which face stiff resistance from the market.
05 Apr 2021
Indonesian players on the first trading day of the week feeling puzzled by the new price announcement from a major local producer.
In the meantime, the production outputs compared to the same period last year have registered a growth rate of 21.2% on average.
Manufacturers in the HDPE bags sector are facing negative margins, resulting in lower run rates and reduced need to make replenishment.
02 Apr 2021
Deals have been done, however, not as strong as expected given the weak demand and lower spot offers in the domestic ground.
The high price levels have been pushing Chinese buyers to the sideline in spite of the limited supply condition.
The company changed its name from Liwa Plastics Industries Complex (LPIC) to OQ Chemicals in May 2020.
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