08 Sep 2020
Chinese bidders are more confident on the second trading day of the week, reflected in the healthy number of transactions for all cargoes available.
Buyers tend to wait for additional discounts, especially for homo-PP given the commercial start-up at two domestic plants.
07 Sep 2020
The increasing number of new COVID-19 cases raises a lot of concerns among Indonesian players. Buyers prefer to source small quantities to avoid price risks.
Chinese buyers are resisting the high prices, which might persist would no adjustments are made in the coming days.
It is expected that domestic offers might witness minor correction in the coming days in order to stimulate pre-Golden Week replenishment.
04 Sep 2020
Players expected the market might be nearing the peak and prefer to be more cautious.
Although customers are still inquiring for LDPE film, the upper end of the overall price range is now facing stiff resistance.
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