29 Apr 2024
A key Indonesian producer reportedly lifted spot PP and PE offers to domestic buyers over the weekend on the back of a tightening supply outlook ahead of a major maintenance schedule in May and the weak Rupiah.
Local producers accelerated sales to distributors in preparation for extra inventory accumulation during the Labour Day holiday. The remaining two days are expected to witness significant inventory digestion.
Shenhua achieved satisfactory auction results on the first trading day of the week, except for homo-PP grade, which witnessed a marginal drop from the previous session in terms of quantity.
26 Apr 2024
Meanwhile, buying sentiment remained bleak as the weekend approached as many market players were either on the sidelines or sourced hand-to-mouth materials only before Labour Day
The bulk of auctioned bids came from need-based purchases, mirroring the trend seen yesterday as many customers remained hesitant to accumulate excess stock ahead of the upcoming Labour Day holiday next Wednesday.
25 Apr 2024
This collective stance served to mitigate any significant downward pressure on sales.
22 Apr 2024
The unchanged price point has held for four consecutive weeks now despite the highly volatile external environment.
Don't have an account? Register