Indonesian producer issues further increases on local PP, PE

A Jakarta-based distributor reported that a local Indonesian producer started this week with further increases both on their local PP and PE offers after revising its PP prices up for two times last week.

When compared to July 28, the producer raised its offers further by IDR140,000/ton ($11/ton) for LLDPE film, by IDR130,000/ton ($10/ton) for LLDPE injection, by IDR270,000/ton ($21/ton) for HDPE film, by IDR260,000/ton ($20/ton) for HDPE pipe, by IDR400,000/ton ($30/ton) for homo-PP raffia and injection, by IDR270,000/ton ($21/ton) for film, BOPP and PP random copolymer and by IDR130,000/ton ($10/ton) for PP block copolymer.

The producer’s new PP prices currently stand at IDR16,290,000/ton ($1217/ton) for homo-PP raffia, at IDR16,630,000/ton ($1243/ton) for homo-PP injection, at IDR16,780,000/ton ($1254/ton) for homo-PP film, at IDR16,720,000/ton ($1249/ton) for BOPP, at IDR16,440,000/ton ($1229/ton) for PPBC injection and at IDR18,990,000/ton ($1419/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,580,000/ton ($1164/ton) for LLDPE c4 film, at IDR17,580,000/ton ($1314/ton) for LLDPE c4 injection, at IDR15,780,000/ton ($1179/ton) for HDPE film and at IDR16,640,000/ton ($1243/ton) for HDPE pipe, with the same terms.