Indonesian producer raises local PE further on supply tightness

A trader in Indonesia reported that a local producer implemented additional increases on its local PE offers due to the ongoing supply tightness, particularly for HDPE while keeping its PP offers stable from its most recent levels.

When compared to December 11, the producer raised its HDPE film and pipe offers notably by IDR820,000/ton ($60/ton) while applying relatively smaller hikes of IDR130,000/ton ($9/ton) for LLDPE injection and IDR140,000/ton ($10/ton) for LLDPE film.

The producer’s new PE offers are reported at IDR17,560,000/ton ($1288/ton) for LLDPE c4 film, at IDR19,550,000/ton ($1434/ton) for LLDPE c4 injection, at IDR19,280,000/ton ($1414/ton) for HDPE film and at IDR20,150,000/ton ($1478/ton) for HDPE pipe, all on FD Indonesia, cash basis.

As for PP, the producer’s offers are currently standing at IDR17,110,000/ton ($1255/ton) for homo-PP raffia and injection, at IDR17,520,000/ton ($1285/ton) for homo-PP film and BOPP, at IDR18,640,000/ton ($1367/ton) for PPBC injection and at IDR19,690,000/ton ($1444/ton) for PPRC injection, with the same terms.