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Indonesian producer cuts local PP further, keeps PE stable

by ChemOrbis Editorial Team -
  • 22/05/2017 (14:50)
A trader in Indonesia reported that a local producer started this week with further decreases on its PP prices while keeping its PE prices stable from their latest levels.

When compared to last week, the producer cut its PP offers by IDR260,000/ton ($19/ton) for homo-PP film and injection and by IDR270,000/ton ($20/ton) for homo-PP raffia and BOPP while PE offers for all grades remained unchanged.

The producer’s new PP prices are standing at IDR15,490,000/ton ($1149/ton) for raffia, at IDR15,830,000/ton ($1175/ton) for homo PP injection, at IDR15,980,000/ton ($1186/ton) for homo-PP film, at IDR16,180,000/ton ($1201/ton) for BOPP, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,980,000/ton ($1186/ton) for LLDPE c4 film, at IDR17,980,000/ton ($1334/ton) for LLDPE c4 injection, at IDR15,780,000/ton ($1171/ton) for HDPE film and at IDR16,640,000/ton ($1235/ton) for HDPE pipe, all on FD Indonesia, cash basis.
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