Indonesian producer raises local PP, PE prices

A trader in Indonesia reported that a local producer started the week with increases on its PP and PE offers to its local market except for PPBC and PPRC when compared to last week.

The producer lifted its prices by IDR270,000/ton ($20/ton) for LLDPE, by IDR400,000/ton ($30/ton) for HDPE , by IDR130,000/ton ($10/ton) For homo-PP injection, by IDR140,000/ton ($11/ton) for homo-PP raffia, by IDR270,000/ton ($20/ton) for film and BOPP. The producer elected to keep its PPBC and PPRC offers stable.

The producer’s new PP prices currently stand at IDR15,760,000/ton ($1177/ton) for homo-PP raffia, at IDR16,090,000/ton ($1202/ton) for homo-PP injection, at IDR16,380,000/ton ($1224/ton) for homo-PP film, at IDR16,320,000/ton ($1219/ton) for BOPP, at IDR16,180,000/ton ($1209/ton) for PPBC injection and at IDR18,590,000/ton ($1389/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR15,440,000/ton ($1153/ton) for LLDPE c4 film, at IDR17,450,000/ton ($1304/ton) for LLDPE c4 injection, at IDR15,510,000/ton ($1159/ton) for HDPE film and at IDR16,380,000/ton ($1224/ton) for HDPE pipe, all on FD Indonesia, cash basis.