Indonesian producer raises some local PE, PP offers
by ChemOrbis Editorial Team - content@chemorbis.com
A producer in Indonesia kept its PE and PP offers to the domestic market stable except for HDPE film and PPBC injection, according to traders.
Among PE offers for the latest week, it increased HDPE film prices by IDR70,000/ton ($5/ton) to IDR17,970,000/ton ($1263/ton) while keeping LLDPE film and injection unchanged at IDR17,990,000/ton ($1265/ton) and IDR19,460,000/ton ($1368/ton) respectively on FD Indonesia, cash basis.
For PP, it lifted PPBC injection offers by IDR420,000/ton ($30/ton) to IDR22,190,000/ton ($1560/ton).
Meanwhile, the producer kept offers stable at IDR21,250,000/ton ($1494/ton) for homo-PP raffia and injection; IDR21,610,000/ton ($1519/ton) for homo-PP film; IDR21,260,000/ton ($1495/ton) for BOPP; and IDR23,860,000/ton ($1678/ton) for PPRC injection on similar terms.
It had kept its PE and PP offers flat during the two previous weeks as market activity turned quiet towards the year-end.
Among PE offers for the latest week, it increased HDPE film prices by IDR70,000/ton ($5/ton) to IDR17,970,000/ton ($1263/ton) while keeping LLDPE film and injection unchanged at IDR17,990,000/ton ($1265/ton) and IDR19,460,000/ton ($1368/ton) respectively on FD Indonesia, cash basis.
For PP, it lifted PPBC injection offers by IDR420,000/ton ($30/ton) to IDR22,190,000/ton ($1560/ton).
Meanwhile, the producer kept offers stable at IDR21,250,000/ton ($1494/ton) for homo-PP raffia and injection; IDR21,610,000/ton ($1519/ton) for homo-PP film; IDR21,260,000/ton ($1495/ton) for BOPP; and IDR23,860,000/ton ($1678/ton) for PPRC injection on similar terms.
It had kept its PE and PP offers flat during the two previous weeks as market activity turned quiet towards the year-end.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- European PP, PE buyers sideline ahead of further drops in June
- China’s April PE imports fall to around 1 million tons, lowest since 2018
- Vietnam’s polymer markets buckle under an influx of Chinese cargoes
- Divergence grows between Egypt’s import and local PP, PE markets
- PP markets in China, Vietnam hit 3-year lows, readying to test new lows
- African PE, PP markets extend slide into May
- Asian PS, ABS markets at 2½-3-year lows amid Chinese oversupply
- India’s Q1 PVC imports hit record-high; did buyers rush to stock up before expected restrictions?
- LDPE prices move below LLDPE, HDPE on global lethargy
- Slide deepens in Middle Eastern PP, PE markets through May
