04 Mar 2025 PET Bottle
The Rupiah depreciated to a historic low in early March, reaching IDR 16,524 per US dollar, driven by escalating global trade tensions. Under typical market conditions, such currency weakness would exert upward pressure on domestic commodity prices.
04 Mar 2025
04 Mar 2025
The slowdown in purchasing activity was particularly evident in the LLDPE sector, where transaction volumes weakened despite reduced allocations. Only 54.6% of available cargoes were sold, marking a 40.1% drop from the previous morning session.
03 Mar 2025
03 Mar 2025 SPVC k67-68
Chinese officials are set to convene on 4-5 March 2025 in Beijing for the annual Two Sessions Meeting, where the economic framework for the year will be outlined. Industry analysts, as reported by Bloomberg, anticipate that the government will set a growth target of approximately 5%.
03 Mar 2025 LL C4 Film
Similarly, international suppliers have attempted to push import offers higher in China, citing limited supply. However, acceptance has been weak due to the sharp rise in local availability following the commissioning of several new plants since November 2024.
03 Mar 2025
Despite the Dalian Commodity Exchange’s relative strength, spot sellers kept offers stable-to-softer, citing buyer-side resistance toward firmer levels. Market participants expressed caution over the futures market’s upturn, citing concerns over its sustainability.
