Following a satisfactory volume of transactions in the previous week, key Chinese PP suppliers have opted to maintain a firm stance on export offers, testing market responses amid tightened supply conditions in Asia.
Although the Rupiah has slightly rebounded from its eight-month low recorded on 3 February 2025, it remains above the critical IDR 16,000-per-dollar threshold. The producer’s decision to hold prices steady, despite the potential cost impact, underscores the persistent challenges confronting Indonesian sellers
The path forward for the petrochemical industry will require not only adept navigation of market complexities but also a steadfast commitment to fostering innovation and sustainable practices. It is our hope that this publication inspires fresh thinking, strengthens your competitive advantage, and supports your efforts to thrive in this ever-evolving sector.
Notably, Shandong Yulong Petrochemical entered the international market for the first time since commissioning three PP production lines with a combined annual capacity of 1.1 million tons in December 2024.