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Distributor: Indonesian producer cuts domestic PE prices

by ChemOrbis Editorial Team -
  • 29/07/2015 (18:14)
According to a distributor, an Indonesian producer reduced their PE prices to the local market this week. The producer lowered their prices by IDR84,000-111,000/ton ($6-8/ton) for HDPE and by IDR97,000-108,000/ton ($7-8/ton) for LLDPE film, bringing their new offers to IDR19,450,000/ton ($1438/ton) for HDPE film, IDR19,720,000/ton ($1458/ton) for HDPE injection and blow moulding as well as LLDPE film and at IDR20,270,000/ton ($1498/ton) for LLDPE rotational moulding, all on an FD Indonesia, cash basis.

“Buyers are keeping to the sidelines after the holidays and trading activity remains limited, although we are hopeful that buying activity will pick up in August. Most converters are expecting to see further reductions given softer energy costs and the globally bearish trend,” the distributor commented.
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