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Indonesian players complain of disappointing PE demand

by ChemOrbis Editorial Team -
  • 07/06/2016 (15:04)
Players in Indonesia are complaining of disappointing demand for PE ahead of the month of Ramadan and are unsure about the market direction over the short term.

A converter said that demand would normally pick up 2 months before Ramadan, however this year demand remains below his expectations. His supplier told him that prices may still have room for further decreases next month . “We have enough material as we buy regularly from our supplier, while demand for our end products is not so encouraging,” commented the converter.

Another converter commented they prefer to source material from the local market for now while adding that he has sufficient stocks until Ramadan and will replenish stocks by the end of July. “Most of the buyers are hesitant about making purchases before the Ramadan holidays over the uncertainties about the market direction,” the buyer stated.

Local prices for LLDPE film are quoted within the range of IDR16,730,000-16,800,000/ton ($1216-1221/ton) while HDPE film prices are at IDR16,190,000-16,200,000/ton ($1176-1177/ton), all on an FD Indonesia, cash equivalent basis.
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