21 Apr 2021
There are no supports for the futures market to firm up strongly because the government is tightening credit control.
20 Apr 2021
Chinese players said that export quantities in April might be higher because it is the peak for Chinese sellers to fulfil the delivery obligations to overseas customers.
In spite of the steep price cuts for homo-PP yarn cargoes, Indonesian buyers continue to portray the reluctant stance.
Sources said that the reduction in LLDPE allocation is due to an ongoing maintenance shutdown at the plant.
Purchasing activities are stable, yet, buyers would only source small quantities to meet the immediate needs.
19 Apr 2021
A number of other buyers have expressed the buy ideas for deep-seas HDPE and LLDPE film at below the $1100/ton threshold, citing the continuous weakening domestic ground.
Sources said that the local PE market is facing less pressure than PP due to the lack of import arrival, while competitive Chinese material is forcing local suppliers to soften the stance on homo-PP yarn cargoes to attract purchasing interest.
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