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Indonesian producer lowers local PP, PE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/10/2015 (10:41)
A source from an Indonesian producer reported that they implemented decreases on their local PP and PE prices as of today. The producer cut their local prices by IDR1,130,000-1,190,000/ton ($82-86/ton) for PP and by IDR1,410,000-1,510,000/ton ($102-109/ton) for PE.

According to the source, the producer’s PP prices currently stand at IDR16,480,000/ton ($1119/ton) for raffia and injection, at IDR16,620,000-16,760,000/ton ($1129-1138/ton) for film, at IDR16,900,000/ton ($1148/ton) for coating and at IDR16,050,000/ton ($1090/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.

For PE, the producer’s offers stand at IDR20,030,000/ton ($1360/ton) for LLDPE film and HDPE film, at IDR21,450,000/ton ($1457/ton) for LLDPE injection, at IDR20,310,000/ton ($1379/ton) for HDPE injection and at IDR20,450,000/ton ($1389/ton) for HDPE pipe (PE100) and HDPE blow moulding, all on an FD Jabodetabek, Indonesia, cash basis.

Meanwhile, the Indonesian rupiah surged against the US dollar on Wednesday due to encouraging data for China’s foreign currency holdings which showed that the country’s reserves declined at a slower rate in September.
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