14 Jul 2020
Purchasing interest remains very much sluggish, reflected in the low percentage of deal. Buyers are resisting the higher prices.
Several local traders have expressed the willingness to offer discounts on serious deals, including for homo-PP, yet buyers are in no mood to make large purchases.
13 Jul 2020
The producer abruptly reduces HDPE film offers despite having achieved a good number of deals in the previous week.
The demand for HDPE bags is severely affected by the recent bans on single used plastics bags in the capital city of Jakarta, and the continuous price hike is eroding the profit margins.
It appears that purchasing interest for both homo-PP and LLDPE continues to remain healthy at the moment.
The reduction in production output is partially a result of heavy maintenance shutdown for both PP and PE during the month.
A certain group in the market continues to bet on the uptrend in the near term, especially on homo-PP yarn due to the demand for sandbags.
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