Indonesian producer raises local PP,PE prices

Traders in Indonesia reported that a local producer implemented increases on their PP offers for the second time during the week. This time, the producer increased their PE offers as well.

The producer raised their prices for PP by IDR630000-670000/ton ($47-50/ton) and for PE by IDR610,000-700,000/ton ($46-53/ton).

Following this adjustment, the producer’s offers currently stand at IDR17,410,000/ton ($1298/ton) for raffia and injection, at IDR18,010,000/ton ($1342/ton) for coating, at IDR17,620,000-18,310,000/ton ($1313-1365/ton) for film and at IDR17,880,000/ton ($1333/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.

The producer’s local PE prices are at IDR17,260,000/ton ($1286/ton) for LLDPE film, at IDR19,070,000/ton ($1421/ton) for LLDPE injection, at IDR16,640,000/ton ($1240/ton) for HDPE film and at IDR17,360,000/ton ($1294/ton) for HDPE pipe (PE100), all on an FD Jabodetabek, Indonesia, cash basis.