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Converters: Indonesian producer cuts local PE prices

by ChemOrbis Editorial Team -
  • 14/01/2015 (10:42)
Two converters in Indonesia reported that a local producer revised their PE prices downward for a second time within the week. The producer reduced their local prices by $10/ton for LLDPE and by $30/ton for HDPE film, injection and pipe while maintaining their PP prices from the start of the week. The producer’s cumulative weekly decreases stand at $40/ton for LLDPE, $50/ton for HDPE pipe (PE100) and $30/ton for HDPE film and injection.

A converter manufacturing household products reported that they received lower PE prices from the producer at $1260/ton for LLDPE film, at $1360/ton for LLDPE injection, at $1290/ton for HDPE film and blow moulding, at $1270/ton for HDPE injection and at $1320/ton for HDPE pipe (PE100), all on an FD Indonesia, 14 days deferred payment basis. The buyer stated, “We think that the producer is facing downward pressure as they would normally wait until next Monday before implementing another reduction on their prices.”

Another converter who is active in the packaging sector also confirmed receiving local PE prices from the same producer with decreases at these levels. He said that the producer maintained their PP prices at $1240/ton for raffia and injection and at $1260/ton for homo-PP film, BOPP and coating, all on an FD, 14 days deferred payment basis.
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