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Indonesian producer lifts local PP, PE prices

by ChemOrbis Editorial Team -
  • 27/03/2015 (11:08)
A source from an Indonesian producer reported that they have implemented increases on their domestic PP and PE prices this week. The producer raised their offers by $20/ton from last week, attributing their decision to Saudi Arabia’s Yemen operation, which is expected to push energy prices higher over the near term.

According to the source, rumors that a regional producer is facing a technical problem at their plant will also affect the market in terms of supply. “There are now some bullish factors that can keep prices firm in the days ahead,” he commented.

For PP, the producer’s offers currently stand at $1560/ton for PP block copolymer, at $1580/ton PP random copolymer, at $1500/ton for homo-PP coating, at $1450/ton for homo-PP raffia and injection, at $1460/ton for film and at $1490/ton for BOPP, all on an FD Indonesia, cash basis.

Their PE prices are at $1400/ton for LLDPE film, at $1510/ton for LLDPE injection, at $1420/ton for HDPE film and injection and at $1430/ton for HDPE blow moulding and HDPE pipe (PE100) with the same terms.
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