Indonesian producer issues 6th hike on PE, 3rd hike on PP since early Dec

A trader reported that an Indonesian producer applied additional increases on its local PP and PE prices when compared to its latest levels. This has been the 6th increase for PE and 3rd increase for PP since the beginning of December.

When compared to December 26, the producer lifted its offers further by IDR130,000/ton ($10/ton) for LLDPE injection, homo-PP raffia injection, BOPP and PP random copolymer, by IDR140,000/ton ($11/ton) for LLDPE film and PP block copolymer, by IDR410,000/ton ($30/ton) for HDPE film and HDPE pipe.

The producer’s new PE offers are reported at IDR18,240,000/ton ($1339/ton) for LLDPE c4 film, at IDR20,230,000/ton ($1485/ton) for LLDPE c4 injection, at IDR20,100,000/ton ($1475/ton) for HDPE film and at IDR20,970,000/ton ($1539/ton) for HDPE pipe, all on FD Indonesia, cash basis.

As for PP, the producer’s offers are currently standing at IDR17,240,000/ton ($1265/ton) for homo-PP raffia and injection, at IDR17,650,000/ton ($1295/ton) for homo-PP film and BOPP, at IDR18,780,000/ton ($1378/ton) for PPBC injection and at IDR19,820,000/ton ($1455/ton) for PPRC injection, with the same terms.