Indonesian producer applies 5th hike on PP, 6th hike on PE since early Aug

A trader in Jakarta reported that an Indonesian producer started this week with additional increases on their local PP and PE prices when compared to their latest levels. This has been the 5th increase for PP and 6th increase for PE since the beginning of August.

When compared to August 21, the producer increased its offers further by IDR140,000/ton ($11/ton) for LLDPE film, HDPE film and HDPE pipe, by IDR130,000/ton ($10/ton) for LLDPE injection, by IDR260,000/ton ($19/ton) for homo-PP injection and BOPP, by IDR270,000/ton ($20/ton) for homo-PP film and raffia, PP random copolymer and PP block copolymer.

The producer’s new PP prices currently stand at IDR17,100,000/ton ($1275/ton) for homo-PP raffia, at IDR17,430,000/ton ($1299/ton) for homo-PP injection, at IDR17,590,000/ton ($1311/ton) for homo-PP film, at IDR17,520,000/ton ($1306/ton) for BOPP, at IDR17,250,000/ton ($1286/ton) for PPBC injection and at IDR19,790,000/ton ($1475/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR16,650,000/ton ($1241/ton) for LLDPE c4 film, at IDR18,650,000/ton ($1390/ton) for LLDPE c4 injection, at IDR16,850,000/ton ($1256/ton) for HDPE film and at IDR17,720,000/ton ($1321/ton) for HDPE pipe, with the same terms.