Indonesian producer lowers local PP, PE prices

A trader reported that an Indonesian producer cut their list prices for local PP and PE as of today compared to their most recent levels.

The producer decreased their prices by IDR190,000/ton ($14/ton) for LLDPE film, by IDR220,000/ton ($17/ton) for LLDPE injection, by IDR180,000/ton ($13/ton) for HDPE film, by IDR200,000/ton ($15/ton) for HDPE pipe while also lowering their prices by IDR400,000-410,000/ton ($30-31/ton) for PP grades when compared with their recent prices revealed on 5th of December.

Accordingly, the producer’s local PE prices are reported at IDR16,820,000/ton ($1255/ton) for LLDPE film, at IDR18,570,000/ton ($1385/ton) for LLDPE injection, at IDR15,810,000/ton ($1180/ton) for HDPE film and at IDR16,910,000/ton ($1262/ton) for HDPE pipe all on an FD Jabodetabek, Indonesia, cash basis.

For PP, the producer’s offers currently stand at IDR16,480,000/ton ($1229/ton) for raffia and injection, at IDR17,070,000/ton ($1274/ton) for coating, at IDR16,680,000-17,370,000/ton ($1244-1296/ton) for film and at IDR16,950,000/ton ($1265/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.