A source from an Indonesian PS producer informed SSESSMENTS.COM that the company has sold out May allocation to both local and export market. According to the source, the producer sold 50% of the total allocation to the export market, including China and Australia market. To both markets, the producer has sold as much as 3,000 tons of GPPS Injection cargoes to the China market, and less than 1,000 tons of HIPS Injection cargoes to Australia. Meanwhile, the remaining volume of around 3,500 tons was allocated to the local market.
The producer’s source further added to SSESSMENTS.COM that the allocation for May is mostly sold to traders and distributors. Citing that demand is expected to improve and gradually recover in June, most traders are currently in a position to replenish their stocks. The source also mentioned to SSESSMENTS.COM that home appliances manufacturers, such as Panasonic and Haier will be on holiday for two weeks starting from May 15.
Click below to view related stories and content on PS market:
NewsSSESSMENTS: Indonesian PS Producer Applied Huge Adjustment On May Delivery Offers
NewsSSESSMENTS: Indonesian PS Producer Gave Sneak Peak For May Delivery Offers
