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Indonesian producer issues further local PP, PE drops

by ChemOrbis Editorial Team -
  • 15/10/2015 (12:54)
A source from an Indonesian producer reported that they implemented additional decreases on their local PP and PE prices as of today. The producer reduced their offers by IDR220,000-240,000/ton ($16-18/ton) for PP and by IDR280,000-560,000/ton ($21-42/ton) for PE.

The producer’s total decrease amounts reached IDR450,000-480,000/ton ($34-36/ton) for PP and IDR560,000-860,000/ton ($42-64/ton) for PE so far this week.

According to the source, the producer’s PP prices currently stand at IDR15,550,000/ton ($1120/ton) for raffia and injection, at IDR15,680,000-15,820,000/ton ($1130-1140/ton) for film, at IDR15,950,000/ton ($1150/ton) for coating and at IDR15,150,000/ton ($1092/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.

For PE, the producer’s offers stand at IDR18,900,000/ton ($1362/ton) for LLDPE film and HDPE film, at IDR20,240,000/ton ($1458/ton) for LLDPE injection, at IDR19,170,000/ton ($1381/ton) for HDPE injection and at IDR19,030,000/ton ($1371/ton) for HDPE blow moulding, all on an FD Jabodetabek, Indonesia, cash basis. Meanwhile, they kept their HDPE pipe prices stable at IDR19,590,000/ton ($1412/ton).
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