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Indonesian producer applies further hikes on local PP, PE

by ChemOrbis Editorial Team -
  • 04/09/2017 (12:03)
A trader based in Jakarta reported that an Indonesian producer issued additional increases on their local PP and PE offers from their latest levels. This has been the 6th increase for PP and the 7th increase for PE since the beginning of August.

When compared to August 28, the producer increased its PP offers further by IDR130,000/ton ($10/ton) for homo-PP film, raffia and PP block copolymer and by IDR140,000/ton ($11/ton) for homo-PP injection BOPP and PP random copolymer. Meanwhile, the producer elected to apply a larger increase of IDR400,000/ton ($30/ton) for all PE grades.

The producer’s new PP prices currently stand at IDR17,230,000/ton ($1284/ton) for homo-PP raffia, at IDR17,570,000/ton ($1310/ton) for homo-PP injection, at IDR17,720,000/ton ($1321/ton) for homo-PP film, at IDR17,660,000/ton ($1316/ton) for BOPP, at IDR17,380,000/ton ($1296/ton) for PPBC injection and at IDR19,930,000/ton ($1485/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR17,050,000/ton ($1271/ton) for LLDPE c4 film, at IDR19,050,000/ton ($1420/ton) for LLDPE c4 injection, at IDR17,250,000/ton ($1286/ton) for HDPE film and at IDR18,120,000/ton ($1351/ton) for HDPE pipe, with the same terms.
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