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.
03 Sep 2020
Sources become concerned over the sustainability of the current firming trend citing the lack of demand.
It appears that sentiment in local China market turns sour toward the end of the week with a sloppy number of deals recorded on the auction platform.
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