As reported earlier, Indonesia is among the few markets in Asia that has been witnessing relative stable demand for PE over the past months while the entire region suffers from timid buying interest due to a slowdown in global consumption.
Nevertheless, the producer is unable to implement any increases in the coal-based PP and PE cargoes. On the contrary, the auction price for LLDPE dropped CNY30/ton day-on-day, which partially contributed to the positive responses from the