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Indonesian producer issues further hikes on PP, cuts PE prices

by ChemOrbis Editorial Team -
  • 18/02/2016 (12:22)
A source from an Indonesian producer reported that they implemented additional increases on their local PP prices as of February 18 after opening the week with firmer offers. Meanwhile, the producer lowered their local prices for PE.

According to the source, the producer raised their PP prices by IDR290,000/ton ($22/ton) for all grades, bringing their new offers to IDR14,630,000/ton ($1089/ton) for raffia, to IDR14,490,000/ton ($1078/ton) for injection, to IDR15,050,000-15,260,000/ton ($1120-1136/ton) for film and to IDR14,770,000/ton ($1099/ton) for coating and BOPP, all on an FD Jabodetabek, Indonesia, cash basis. They had issued increases of around IDR140,000/ton ($11/ton) on their PP prices earlier in the week.

Meanwhile, the producer’s local PE prices were down by around IDR320,000-390,000/ton ($24-29/ton) on the week to be currently quoted at IDR16,460,000/ton ($1225/ton) for LLDPE film, at IDR18,640,000/ton ($1387/ton) for LLDPE injection, at IDR16,190,000/ton ($1205/ton) for HDPE film and for HDPE injection and at IDR17,680,000/ton ($1316/ton) for HDPE pipe (PE100), all on an FD Jabodetabek, Indonesia, cash basis.
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