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Indonesian producer lowers domestic PP prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/10/2014 (06:11)
A source at an Indonesian producer said that the company started the week by implementing a price reduction on their PP prices while the producer’s PE prices were left mostly unchanged. The producer lowered their prices by $110/ton for raffia and random copolymer, $120/ton for injection and film and by $20/ton for PP coating and PP block copolymer, bringing their prices to $1690/ton for homo-PP injection and raffia, $1750/ton for PP film, $1800/ton for BOPP, coating and block copolymer injection and to $1820/ton for random copolymer injection, all on an FD Indonesia, cash basis. The producer’s PE prices stand at $1730/ton for LLDPE film, $1830/ton for LLDPE injection, $1735/ton for HDPE film and blow moulding, $1710/ton for HDPE injection and at $1760/ton for HDPE pipe (PE 100) with the same terms.

"We lowered our PP prices due to comfortable supply levels for PP while we left our PE prices steady owing to relatively tighter supply for PE in the local market," a producer source commented. A woven bag manufacturer who also reported receiving lower prices from the producer added, "We still do not find local prices to be attractive as the landed cost of raffia imports comes to around $1640-1650/ton FD. We plan to wait for a while longer before making any purchases as we think that we might be able to obtain additional discounts in the days ahead."
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