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Indonesian producer lowers domestic PP offers

by ChemOrbis Editorial Team -
  • 18/01/2021 (07:54)
An Indonesian producer lowered PP offers to the domestic market while raising or holding PE prices, according to traders.

In the latest move, the supplier lowered PP offers by IDR280,000/ton ($20/ton) to IDR20,900,000/ton ($1473/ton) for homo-PP film; IDR20,550,000/ton ($1448/ton) for homo-PP raffia and injection; and IDR23,580,000/ton ($1662/ton) for PPRC injection - all on FD Indonesia, cash basis.

It also lowered offers by IDR230,000/ton ($16/ton) to IDR20,600,000/ton ($1452/ton) for BOPP, and by IDR240,000/ton ($17/ton) to IDR21,950,000/ton ($1547/ton) for PPBC injection.

Meanwhile for PE, it raised HDPE film prices by IDR70,000/ton ($5/ton) to IDR17,620,000/ton ($1242/ton) while keeping LLDPE film and injection stable at IDR17,420,000/ton ($1228/ton) and IDR18,890,000/ton ($1331/ton) respectively on similar terms.

The producer has been raising most PE and PP prices the last two weeks after reducing them during the second half of December as the market turned quiet amid the year-end holidays.
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