Indonesian producer lifts local PP prices, keeps PE stable

A trader in Indonesia reported that a local producer started this week with PP increases while keeping their PE offers unchanged from their most recent levels.

The producer raised their prices for PP grades by IDR390,000-400,000/ton ($30-31/ton). Following this adjustment, the producer’s offers currently stand at IDR16,780,000/ton ($1274/ton) for raffia and injection, at IDR17,350,000/ton ($1317/ton) for coating, at IDR16,970,000-17,640,000/ton ($1289-1340/ton) for film and at IDR17,230,000/ton ($1308/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.

The producer’s local PE prices are unchanged at IDR16,630,000/ton ($1270/ton) for LLDPE film, at IDR18,370,000/ton ($1403/ton) for LLDPE injection, at IDR16,030,000/ton ($1225/ton) for HDPE film and at IDR16,730,000/ton ($1278/ton) for HDPE pipe (PE100), all on an FD Jabodetabek, Indonesia, cash basis.