Indonesian producer cuts local PP prices, holds PE steady

A trader in Jakarta reported that an Indonesian producer started this week with decreases on its PP offers while keeping its PE prices stable from its most recent levels.

When compared to last week, the producer cut its PP prices by IDR130,000/ton ($10/ton) for homo-PP film and PP random copolymer while decreasing its offers by IDR140,000/ton ($11/ton) for homo-PP raffia and injection, PP block copolymer injection and BOPP grades.

Last week, the producer cut only its PP block copolymer offers after cutting both PP and PE offers in mid-October for the first time after 4 months.

The producer’s PP offers are standing at IDR17,720,000/ton ($1300/ton) for homo-PP raffia and injection, at IDR18,260,000/ton ($1340/ton) for homo-PP film, at IDR18,060,000/ton ($1325/ton) for BOPP, at IDR18,460,000/ton ($1354/ton) for PPBC injection and at IDR20,370,000/ton ($1495/ton) for PPRC injection, all on FD Indonesia, cash basis.

As for PE, the producer’s offers are currently reported at IDR17,380,000/ton ($1275/ton) for LLDPE c4 film, at IDR19,420,000/ton ($1425/ton) for LLDPE c4 injection, at IDR17,920,000/ton ($1315/ton) for HDPE film and at IDR18,790,000/ton ($1379/ton) for HDPE pipe, with the same terms.