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Indonesian producer cuts local PP prices

by ChemOrbis Editorial Team -
  • 11/08/2015 (10:08)
A source from an Indonesian producer reported that they implemented decreases on their local PP prices at the beginning of the week. Meanwhile, the producer kept their PE prices stable from late last week.

The producer cut their PP offers by IDR500,000/ton ($37/ton) for raffia and injection and by IDR220,000-490,000/ton ($16-36/ton) for film when compared to last week. For BOPP and coating, they implemented smaller drops of around IDR20,000/ton ($2/ton) on their offers.

Their PP prices currently stand at IDR16,190,000/ton ($1190/ton) for raffia and injection, at IDR17,020,000/ton ($1250/ton) for BOPP, at IDR17,280,000/ton ($1270/ton) for coating and at IDR16,470,000-16,740,000/ton ($1211-1231/ton) for film, all on an FD Indonesia, cash basis.

For PE, the producer’s prices stand at IDR18,720,000/ton ($1376/ton) for LLDPE film, HDPE film and HDPE injection, at IDR19,810,000/ton ($1456/ton) for LLDPE injection and at IDR19,400,000/ton ($1426/ton) for HDPE blow moulding and HDPE pipe (PE 100) with the same terms.
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