Indonesian producer reduces PE prices, keeps PP stable for another week

A trader in Indonesia reported that a local producer implemented additional decreases on its local PE prices while leaving its PP offers stable at the start of the week. The producer’s local offers have been tracking a stable to softer trend since around early October.

When compared to the previous week, the latest offers remained stable for PP grades while the producer’s PE offers witnessed decreases of IDR290,000/ton ($20/ton).

The producer’s PP offers currently stand at IDR17,940,000/ton ($1231 /ton) for homo-PP raffia and injection, at IDR18,380,000/ton ($1261 /ton) for homo-PP film, at IDR18,160,000 /ton ($1246 /ton) for BOPP, at IDR19,240,000/ton ($1320 /ton) for PPBC injection and IDR21,770,000/ton ($1494/ton) for PPRC injection, all on an FD Indonesia, cash basis.

Meanwhile, the producer’s PE offers are at IDR17,360,000/ton ($1191/ton) for LLDPE c4 film, at IDR18,230,000/ton ($1251/ton) for LLDPE c4 injection, and at IDR 18,810,000/ton ($1291/ton) for HDPE film, with the same terms.