Indonesian producer cuts local LLDPE offers, lifts PP

A trader in Indonesia reported that a local producer applied decreases on its LLDPE offers whilst PP posted slight gains, except for PPBC when compared to their latest levels.

When compared to previous week, the producer cut its LLDPE offers by IDR70,000/ton ($5/ton) while issuing no changes on HDPE. Meanwhile, homo-PP raffia, homo-PP injection and BOPP prices are up by IDR130,000/ton ($9/ton). Homo-PP film and PPRC prices posted larger increases of IDR270,000/ton ($20/ton) and IDR410,000/ton ($31/ton), respectively.

The producer’s new PP prices currently stand at IDR15,620,000/ton ($1165/ton) for homo-PP raffia, at IDR15,960,000/ton ($1190/ton) for homo-PP injection, at IDR16,110,000/ton ($1201/ton) for homo-PP film, at IDR16,050,000/ton ($1197/ton) for BOPP, at IDR16,180,000/ton ($1207/ton) for PPBC injection and at IDR18,590,000/ton ($1386/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,170,000/ton ($1131/ton) for LLDPE c4 film, at IDR17,180,000/ton ($1281/ton) for LLDPE c4 injection, at IDR15,110,000/ton ($1127/ton) for HDPE film and at IDR15,980,000/ton ($1192/ton) for HDPE pipe, all on FD Indonesia, cash basis.