19 Jan 2024
Local sellers find that even rollover offers fail to attract buying interests, with most customers opting to adopt a wait-and-see approach while monitoring further development.
19 Jan 2024 LD Film
In the first ten months of 2023, China imported about 2.53 million tons of LDPE, with Iran ranking as the largest supplier (16.7%), followed by the US (15.8%),
Shenhua concluded the final auction session of the week with satisfactory results despite having maintained prices for both homo-PP and LLDPE film unchanged from the previous session.
18 Jan 2024
In the run-up to the Lunar New Year holiday, which takes place on 10 February 2024, CommoPlast has conducted a survey among key BOPP film manufacturers across China to estimate the shutdown duration
Looking forward, the Indonesian PE market is expected to knot up in a tug-of-war between dimming buying interest and an uncertain supply outlook stemming from the ambiguous import quota application processes.
Local sellers noted sluggish buying activities among customers this morning, with those who recently made purchases adopting a cautious "wait and see" stance.
Market players are speculating on a potentially stronger trend for PE compared to PP due to higher import dependency for PE, coupled with a weak export window for PP.
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