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Buyer: Indonesian producer lifts local PET prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/04/2015 (11:44)
A converter operating in Indonesia reported that a local producer has raised their PET prices to the domestic market by $20-40/ton. The producer’s PET prices currently stand at $1070/ton on an FD Indonesia, cash basis.

“We are not planning to purchase at this level, which we find to be too high to accept. Demand is not strong nowadays as players are mostly adopting a cautious stance.”

In Indonesia, local PET prices are currently reported in the range of $1016-1070/ton on an FD, cash equivalent basis.
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