13 Oct 2023
Positive rebound in PP and LLDPE on the Dalian Commodity Exchange following crude oil uptick boosts morning auction sales...
12 Oct 2023
Local distributors anticipate continued high inventory pressure this week as converters show little interest in discounted prices ...
Lack confidence on trader side and uncertainty in the market trend with continuous price drop on behind of weak crude prices.
11 Oct 2023
The PP and LLDPE contracts on the Dalian Commodity Exchange trend rebounded, albeit weakly, this morning. Market participants are aware that the current market sentiment is still weak ...
Slight rebound on auction prices today – market participants are still hesitant to stock up.
10 Oct 2023
Similar to other petrochemical sectors in Indonesia, buying interest is sapped by the weak economic growth and the rapid depreciation of the Rupiah against the US dollar.
Opinions are that without substantial support, namely persistently rising crude oil prices or more economic stimulus from the government, the domestic PP and PE offers might decline further.
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