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Indonesian producer reduces domestic PP, PE prices

by ChemOrbis Editorial Team -
  • 17/11/2014 (08:59)
An Indonesian producer reported that they opened the week by implementing decreases on their domestic prices for most grades of PP and PE. The producer cited softening upstream costs as the main reason behind their price reductions. “In addition, we are not all that optimistic regarding the demand outlook over the short term,” a producer source commented.

In the PP market, the producer announced price reductions of $30/ton for homo-PP and $40/ton for PP random copolymer while keeping their PP block copolymer prices stable, bringing their new prices to $1620/ton for homo-PP injection and raffia, $1670/ton for BOPP and PP coating, $1690/ton for PP film, $1790/ton for PP block copolymer injection and to $1750/ton for PP random copolymer injection, all on an FD Indonesia, cash basis.

In the PE market, the producer reduced their prices by $30/ton for LLDPE and most grades of HDPE while lowering their HDPE pipe prices by $40/ton. Following these adjustments, the producer’s new prices stand at $1660/ton for LLDPE film, HDPE film and HDPE blow moulding, $1635/ton for HDPE injection, $1680/ton for HDPE pipe and at $1760/ton for LLDPE injection, all on an FD Indonesia, cash basis.
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