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.
10 Jul 2020
Purchasing activities on the auction platform remain weak on the final trading day of the week.
Manufacturers prefer to wait on the sideline with expectation that spot offers for both PP and PE could soften further in the coming week would COVID-19 cases outside of China continue to increase.
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