Tri Polyta reviews supply<\/p>\n
JAKARTA (JP): Publicly listed PT Tri Polyta Indonesia
\nannounced over the weekend that it had reopened negotiations on
\nits long-term propylene supply with PT Chandra Asri.<\/p>\n
Chief Executive Officer of Tri Polyta, Markus Hartanto said
\nthat the negotiations would focus on the price and volume of the
\ncommodity.<\/p>\n
The company said in a statement that the negotiations were
\ndone in light of the significant changes in regional market
\nconditions and medium-term outlook.<\/p>\n
"The changes have arisen due to the aggressive pricing and
\nmarket share policy taken by our main domestic competitor in
\ncombination with a regional polypropylene oversupply," the
\nstatement said.<\/p>\n
Over the last six months, approximately 1.3 million metric
\ntons of new propylene capacity have been added in Asia. High
\nrates of capacity growth will continue over the next two years
\nwith over one million additional metric tons.<\/p>\n
The statement said that such a condition had applied downward
\npressure on finished product prices while at the same time drying
\nup merchant supplies of feedstock, keeping prices high. (bnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/tri-polyta-reviews-supply-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}