Indonesian producer continue to reduce local PP and PE prices

A trader in Indonesia reported that a local producer started this week with decreases on PP and PE prices.

When compared to previous week, the producer cut all PP grades by 690,000 IDR/ton ($47/ton) except PPBC decrease by 1,140,000 IDR/ton ($78/ton) and PPRC decrease by 290,000 IDR/ton ($20/ton), LLDPE film decrease by 760,000 IDR/ton ($52/ton), LLDPE inj decrease by 810,000 IDR/ton ($56/ton) and HDPE film decrease by 1,000,000 IDR/ton ($69/ton).

According to the trader, the producer’s PP offers currently stand at IDR 17,940,000/ton ($1,230/ton) for homo-PP raffia and injection, at IDR 18,380,000/ton ($1,261/ton) for homo-PP film, at IDR 18,160,000 /ton ($1,246/ton) for BOPP, at IDR 19,390,000/ton ($1,330/ton) for PPBC injection and at IDR 21,770,000/ton ($1,493/ton) for PPRC injection, all on FD Indonesia, cash basis.

The producer’s PE offers are currently at IDR 17,800,000/ton ($1,221/ton) for LLDPE c4 film, at IDR 18,670,000/ton ($1,281/ton) for LLDPE c4 injection, and at IDR 19,250,000/ton ($1320/ton) for HDPE film, with the same terms.