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Additional local PP, PE hikes from Indonesian producer

by ChemOrbis Editorial Team -
  • 08/09/2015 (09:58)
A source from an Indonesian producer reported that they revised their local PP and PE prices again, issuing additional increases following initial price hikes earlier in the week. The producer lifted their local prices by IDR400,000-410,000/ton ($28-29/ton) for PP and by IDR560,000-580,000/ton ($39-41/ton) for PE, bringing their total increase amount for PP to IDR880,000-910,000/ton ($62-64/ton) and for PE to IDR780,000-810,000/ton ($55-57/ton) so far this week.

According to the source, the producer’s PP offers currently stand at IDR16,530,000/ton ($1162/ton) for raffia and injection, at IDR16,820,000-16,970,000/ton ($1182-1192/ton) for film, at IDR17,260,000/ton ($1213/ton) for coating and at IDR16,970,000/ton ($1192/ton) for BOPP, all on an FD Indonesia, cash basis.

For PE, the producer’s offers stand at IDR19,290,000/ton ($1355/ton) for LLDPE film and HDPE film, at IDR20,740,000/ton ($1458/ton) for LLDPE injection, at IDR19,580,000/ton ($1376/ton) for HDPE injection and at IDR19,720,000/ton ($1386/ton) for HDPE pipe (PE100) and HDPE blow moulding, all on an FD, cash basis.
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