Indonesian producer applies another round of increases on local PE

A trader in Indonesia reported that a local producer applied further increases on its local PE offers from its most recent levels while keeping its PP offers stable. This has been the producer’s fifth hike on local PE prices since early December.

When compared to December 20, the producer lifted its HDPE film and pipe offers further by IDR410,000/ton ($30/ton) while applying relatively smaller hikes of IDR280,000/ton ($21/ton) for LLDPE injection and IDR270,000/ton ($20/ton) for LLDPE film.

The producer’s new PE offers are reported at IDR18,100,000/ton ($1365/ton) for LLDPE c4 film, at IDR20,100,000/ton ($1475/ton) for LLDPE c4 injection, at IDR19,690,000/ton ($1445/ton) for HDPE film and at IDR20,560,000/ton ($1509/ton) for HDPE pipe, all on FD Indonesia, cash basis.

For PP, the producer’s offers are currently standing at IDR17,110,000/ton ($1256/ton) for homo-PP raffia and injection, at IDR17,520,000/ton ($1286/ton) for homo-PP film and BOPP, at IDR18,640,000/ton ($1368/ton) for PPBC injection and at IDR19,690,000/ton ($1445/ton) for PPRC injection, with the same terms.