As SSESSMENTS.COM noted, a Malaysian producer rejected certain bids for July shipment LDPE Film offers from Indonesian buyers, despite receiving an unfavorable response. The Malaysian producer just announced their July shipment offers to Indonesia market on Thursday, June 18. Compared to June shipment price list, the producer’s latest offers for LDPE Film increased by $50/ton, available at $970/ton. Speaking of feedback, the producer received an unfavorable response from Indonesian buyers, some placed bids at last month’s offer level at $920/ton but got rejected. All offers on LC at sight, CIF Indonesia Main Port basis.
Further added by the producer source to SSESSMENTS.COM, the company received inquiries from lots of Indonesian converters for Q3 2020 contract, citing that the leading polyolefins producer in the country is not aggressively selling on contract basis.
