09 Nov 2020
It is expected that buyers would seek PP quantities in the import ground, leveraging the strong Rupiah in the coming days.
The number of real transactions on the auction platform remains mediocre on the first trading day of the week as players remain cautiously optimistic after the US general election.
Buyers were more active during the weekend and retreat to the sideline today despite the small discount available for both PP and PE cargoes.
06 Nov 2020
There have been some improvements in term of sentiment on the final trading day of the week compared to the previous session.
Inventory digestion rate remains weak with total PP and PE stocks at Sinopec and CNPC’s warehouses only down...
05 Nov 2020
The number of transactions recorded this morning remained low despite the fact that prices have softened slightly.
Sentiment weakens visibly toward the end of the week as buyers resist higher prices after secured the needed quantities earlier this week.
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