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Indonesian producer issues further hikes on local PP prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/09/2015 (14:52)
A source from an Indonesian producer reported that they implemented additional increases on their local PP prices after starting the week with hikes for both PP and PE. The producer raised their PP prices by IDR280,000-290,000/ton ($20/ton), bringing their total increase amount for PP to IDR480,000-500,000/ton ($34-35/ton) on Monday.

According to the source, the producer’s PP offers currently stand at IDR16,130,000/ton ($1133/ton) for raffia and injection, at IDR16,420,000-16,560,000/ton ($1154-1164/ton) for film, at IDR16,850,000/ton ($1184/ton) for coating and at IDR16,560,000/ton ($1164/ton) for BOPP, all on an FD Indonesia, cash basis.

For PE, the producer maintained their offers at IDR18,720,000/ton ($1315/ton) for LLDPE film and HDPE film, at IDR20,160,000/ton ($1417/ton) for LLDPE injection, at IDR19,010,000/ton ($1336/ton) for HDPE injection and at IDR19,160,000/ton ($1346/ton) for HDPE pipe (PE100) and HDPE blow moulding, all on an FD, cash basis.
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