Indonesia expects plastic prices to start declining soon as authorities ramp up efforts to secure alternative raw material supplies amid ongoing global disruptions, The Jakarta Post reported Tuesday.
The country's Trade Minister Budi Santoso said the government is speeding up sourcing from countries such as India, the United States and parts of Africa to ease domestic shortages and stabilize prices. He attributed the recent spike to tighter availability of key petrochemical inputs, particularly naphtha, following supply disruptions tied to geopolitical tensions, according to the report.
Officials said additional shipments are in the pipeline, though existing inventories will continue to support industries in the near term until new supplies arrive. The government is also exploring more sourcing options to ensure supply stability as global production remains under pressure, the news outlet said.
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