April is a short trading month in Indonesia. Many converters started to take off for the Ramadan holiday as early as 3 April 2024 amid the sluggish finished goods market, resulting in reduced needs for restocking. The market is officially off until 15 April 2024.
After six consecutive weeks of climbing, the local HDPE film market finally regained the premium over the LLDPE film market thanks to the tightening supply condition that stemmed from a series of local plant shutdowns in March and April.