Indonesian producer adopts divergent policies on local PE, PP offers

A trader in Indonesia reported that a local producer applied decreases on its PE and increases on PP prices to the local market from their latest levels.

When compared to the latest price list, the producer applied reductions of IDR60,000/ton ($4/ton) for LLDPE Inj. , IDR70,000/ton ($5/ton) for LLDPE C4 Film and IDR130,000/ton ($9/ton) on both HDPE film and pipe grade.

On the contrary, the producer implemented increases of IDR260,000/ton ($19/ton) on PP film, IDR130,000/ton ($9/ton) on homo PP raffia and PPRC, IDR140,000/ton ($10/ton) on homo PP inj. and BOPP whilst PPBC remain stable.

The producer’s new PP prices currently stand at IDR15,490,000/ton ($1153/ton) for homo-PP raffia, at IDR15,830,000/ton ($1179/ton) for homo-PP injection, at IDR15,840,000/ton ($1179/ton) for homo-PP film, at IDR15,920,000/ton ($1185/ton) for BOPP, at IDR16,180,000/ton ($1205/ton) for PPBC injection and at IDR18,180,000/ton ($1354/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,240,000/ton ($1135/ton) for LLDPE c4 film, at IDR17,250,000/ton ($1284/ton) for LLDPE c4 injection, at IDR15,110,000/ton ($1125/ton) for HDPE film and at IDR15,980,000/ton ($1190/ton) for HDPE pipe, all on FD Indonesia, cash basis.