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Indonesian producer increases local PP, PE further

by ChemOrbis Editorial Team -
  • 07/08/2017 (11:22)
A Jakarta-based trader reported that an Indonesian producer issued additional increases on their local PP and PE prices when compared to their latest levels. This has been the third straight weekly increase by the producer to its local market.

When compared to last week, the producer raised its PE offers further by IDR260,000/ton ($19/ton) for LLDPE film and HDPE film, by IDR270,000/ton ($20/ton) for LLDPE injection and HDPE pipe while PP offers increased by IDR140,000/ton ($11/ton) for homo-PP raffia, film and PP block copolymer, by IDR130,000/ton ($10/ton) homo-PP injection, BOPP and PP random copolymer.

The producer’s new PP prices currently stand at IDR16,430,000/ton ($1226/ton) for homo-PP raffia, at IDR16,760,000/ton ($1251/ton) for homo-PP injection, at IDR16,920,000/ton ($1263/ton) for homo-PP film, at IDR16,850,000/ton ($1258/ton) for BOPP, at IDR16,580,000/ton ($1238/ton) for PPBC injection and at IDR19,120,000/ton ($1427/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,840,000/ton ($1182/ton) for LLDPE c4 film, at IDR17,850,000/ton ($1332/ton) for LLDPE c4 injection, at IDR16,040,000/ton ($1197/ton) for HDPE film and at IDR16,910,000/ton ($1262/ton) for HDPE pipe, with the same terms.
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