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Indonesian converter purchases local GPPS with decreases

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/10/2014 (11:43)
A packaging manufacturer in Indonesia reported that they purchased some GPPS materials from the local market with decreases. The converter stated that they secured some GPPS cargoes with a $60/ton drop from last month at $1790/ton FD Indonesia, 30 days deferred payment.

The buyer commented, “We purchased some cargoes from the local market in order to maintain our stock levels.”

In Indonesia, import GPPS prices are currently reported at $1580-1680/ton CIF Indonesia, cash equivalent basis.
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