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Indonesian producer cuts local PP prices

by ChemOrbis Editorial Team -
  • 18/08/2015 (10:16)
A source from an Indonesian producer reported that they implemented decreases on their local PP prices while keeping their PE offers stable at the start of the week. The producer had lifted their local PP and PE prices last week in the face of the depreciating rupiah against the US dollar.

According to the source, the producer reduced their PP prices by IDR600,000-880,000/ton ($43-64/ton), bringing their new offers to IDR15,880,000/ton ($1148/ton) for raffia and injection, to IDR16,160,000-16,440,000/ton ($1168-1189/ton) for film, to IDR16,710,000/ton ($1208/ton) for coating and to IDR16,440,000/ton ($1189/ton) for BOPP, all on an FD Indonesia, cash basis.

For PE, the producer maintained their offers at IDR18,980,000/ton ($1372/ton) for LLDPE film, at IDR20,090,000/ton ($1452/ton) for LLDPE injection, at IDR19,120,000/ton ($1382/ton) for HDPE film and injection, at IDR19,670,000/ton ($1422/ton) for HDPE pipe and at IDR19,260,000/ton ($1392/ton) for HDPE blow moulding, all on an FD, cash basis.
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