Indonesian producer cuts local PP, PE prices

A trader in Indonesia reported that a local producer applied decreases on its PP and PE prices to the local market from their latest levels.

When compared to the second half of June, the producer decreased its PP offers by IDR400,000/ton ($30/ton) for homo-PP film and by IDR140,000/ton ($11/ton) for BOPP while other grades remained stable. As for PE, offers declined by around IDR130,000/ton ($10/ton) for HDPE and by IDR270,000/ton ($20/ton) for LLDPE.

The producer’s new PP prices currently stand at IDR15,360,000/ton ($1147/ton) for homo-PP raffia, at IDR15,690,000/ton ($1172/ton) for homo-PP injection, at IDR15,580,000/ton ($1164/ton) for homo-PP film, at IDR15,780,000/ton ($1179/ton) for BOPP, at IDR16,180,000/ton ($1209/ton) for PPBC injection and at IDR18,050,000/ton ($1348/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,310,000/ton ($1144/ton) for LLDPE c4 film, at IDR17,310,000/ton ($1293/ton) for LLDPE c4 injection, at IDR15,240,000/ton ($1139/ton) for HDPE film and at IDR16,110,000/ton ($1204/ton) for HDPE pipe, all on FD Indonesia, cash basis.