09 Feb 2021
There have been reports that supply for homo-PP and PE in Medan is especially tight and buyers tend to accept firmer price levels than other areas.
Transactions on the auction platform have fallen drastically as players are no longer interested in making purchases.
Sentiment in the domestic spot market remains sluggish on the second trading day of the week as buyers have already taken off for the holidays.
08 Feb 2021
Buyers are waiting for local traders to announce new offers, which are expected to remain well below the official price list albeit stabilizing trend.
Both import and local homo-PP market in Indonesia suspended the softening trend this week as suppliers claimed having limited availability.
Transactions are mediocre on the first trading day of the week and it appears that the producer is not facing any pressure, reflected in the firm deal price levels.
There have been reports that inventories on traders’ hands have piled up to about 70% warehouse occupancy over the past week.
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