Indonesian producer raises local PP, PE prices across the board

An Indonesian producer notified across-the-board hikes of slightly less than 1% on its PP and PE grades sold in the domestic market. In the previous week, the producer had notified stable to firmer offers.

The producer raised the price of HDPE film by IDR170,000/ton ($11/ton) to IDR19,440,000/ton ($1237/ton), on FD Indonesia, cash basis. Its LLDPE prices were raised by IDR160,000/ton ($10/ton) to IDR18,700,000/ton ($1190/ton) for film and IDR19,300,000/ton ($1228/ton) for injection, both on the same basis.

As for PP, homopolymer prices are up by IDR140,000 ($9/ton) at IDR17,680,000/ton ($1125/ton) for raffia and injection, and by IDR150,000/ton ($10/ton) at IDR18,230,000/ton ($1160/ton) for film and IDR18,000,000/ton ($1145/ton) for the biaxially-oriented film, on FD Indonesia, cash basis.

The prices of PP copolymer grades were hiked by IDR160,000-170,000/ton ($10-11/ton) to IDR19,950,000/ton ($1270/ton) for block copolymer, and to IDR20660,000/ton ($1315/ton) for the random copolymer grade.