Indonesian producer lifts most local PE, PP offers
by ChemOrbis Editorial Team - content@chemorbis.com
A producer in Indonesia increased its PE and PP offers to the domestic market at the start of the week except for PPBC and PPRC injection, according to traders.
It increased PE offers by IDR570,000/ton ($40/ton) to IDR17,420,000/ton ($1244/ton) and IDR18,890,000/ton ($1349/ton) for LLDPE film and injection respectively; and by IDR420,000/ton ($30/ton) to IDR17,550,000/ton ($1253/ton) for HDPE film - all on FD Indonesia, cash basis.
For PP, the producer lifted offers by IDR420,000/ton ($30/ton) for homo-PP raffia and injection to IDR20,830,000/ton ($1487/ton); and by IDR430,000/ton ($31/ton) to IDR21,180,000/ton ($1512/ton) and IDR20,830,000/ton ($1487/ton) for homo-PP film and BOPP respectively on similar terms.
It left prices of PPBC and PPRC unchanged at IDR22,190,000/ton ($1584/ton) and IDR23,860,000/ton ($1703/ton) respectively.
The producer started increasing some prices last week after keeping them mostly flat during the second half of December as the market turned quiet amid year-end holidays.
It increased PE offers by IDR570,000/ton ($40/ton) to IDR17,420,000/ton ($1244/ton) and IDR18,890,000/ton ($1349/ton) for LLDPE film and injection respectively; and by IDR420,000/ton ($30/ton) to IDR17,550,000/ton ($1253/ton) for HDPE film - all on FD Indonesia, cash basis.
For PP, the producer lifted offers by IDR420,000/ton ($30/ton) for homo-PP raffia and injection to IDR20,830,000/ton ($1487/ton); and by IDR430,000/ton ($31/ton) to IDR21,180,000/ton ($1512/ton) and IDR20,830,000/ton ($1487/ton) for homo-PP film and BOPP respectively on similar terms.
It left prices of PPBC and PPRC unchanged at IDR22,190,000/ton ($1584/ton) and IDR23,860,000/ton ($1703/ton) respectively.
The producer started increasing some prices last week after keeping them mostly flat during the second half of December as the market turned quiet amid year-end holidays.
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