24 Dec 2020 SPVC k67-68 SPVC (A) k67-68
It appears that the earlier price reduction is not sufficient to attract buyers, from which additional price cuts are introduced toward the end of the week.
24 Dec 2020
The number of deals concluded on the auction platform have improved this morning as the suppliers agreed to additional discounts.
Sources are not optimistic about the near-term outlook as the electricity shortage is worsening.
23 Dec 2020
Sentiment in Indonesia is rather calm this week. Many manufacturers are allowing workers to leave early for the Christmas and New Year holiday.
More Indonesian buyers have shown an interest to make purchases at the adjusted price levels amid the absence of most Middle Eastern suppliers.
Transactions once again dive as more market participants started to take leave for the holiday ahead.
Traders are losing hope that buyers would make large purchases in January ahead of the Lunar New Year holiday as manufacturing sector would be off earlier and longer than usual.
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