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Further PP, PE increases from Indonesian producer

by ChemOrbis Editorial Team -
  • 04/09/2015 (10:38)
A source from an Indonesian producer reported that they issued additional increases on their local PP and PE prices today after lifting their prices on Tuesday. The producer increased their prices by IDR290,000-320,000/ton ($20-23/ton) for PP and PE.

According to the source, the producer’s PP offers currently stand at IDR15,500,000/ton ($1090/ton) for raffia and injection, at IDR15,780,000-15,930,000/ton ($1110-1120/ton) for film, at IDR16,210,000/ton ($1140/ton) for coating and at IDR15,930,000/ton ($1120/ton) for BOPP, all on an FD Indonesia, cash basis.

For PE, the producer’s offers stand at IDR18,350,000/ton ($1290/ton) for LLDPE film and HDPE film, at IDR19,780,000/ton ($1390/ton) for LLDPE injection, at IDR18,640,000/ton ($1310/ton) for HDPE injection and at IDR18,780,000/ton ($1320/ton) for HDPE pipe (PE100) and HDPE blow moulding, all on an FD, cash basis.

Despite their recent reductions, the producer’s new offer levels still indicate decreases on a dollar basis as the Indonesian rupiah continues to depreciate, with the currency dropping below 14,000 to the dollar by the end of the week.
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