Indonesian producer cuts PP, PE offers first time in four months

A Jakarta-based trader reported that an Indonesian producer applied decreases both on its local PP and PE offers for the first time since early July.

The producer decreased its PP prices by IDR140,000/ton ($11/ton) for PP block copolymer and by IDR270,000/ton ($20/ton) for homo-PP raffia and injection and PP random copolymer injection while keeping homo-PP film and BOPP stable from last week. For PE, the producer applied relatively higher decreases by IDR130,000/ton ($10/ton) for HDPE film and pipe, by IDR440,000/ton ($33/ton) for LLDPE injection and by IDR870,000/ton ($65/ton) for LLDPE film.

The producer’s PP offers are standing at IDR17,860,000/ton ($1314/ton) for homo-PP raffia and injection, at IDR18,260,000/ton ($1344/ton) for homo-PP film, at IDR18,200,000/ton ($1339/ton) for BOPP, at IDR18,870,000/ton ($1389/ton) for PPBC injection and at IDR20,500,000/ton ($1509/ton) for PPRC injection, all on FD Indonesia, cash basis.

As for PE, the producer’s offers currently reported at IDR17,380,000/ton ($1279/ton) for LLDPE c4 film, at IDR19,420,000/ton ($1429/ton) for LLDPE c4 injection, at IDR17,920,000/ton ($1319/ton) for HDPE film and at IDR18,790,000/ton ($1383/ton) for HDPE pipe, all on FD Indonesia, cash basis.