Indonesian producer reduces local PP and PE prices

A trader in Indonesia reported that a local producer started this week with decreases on most of its PP and PE prices.

When compared to the previous week, the producer cut PP Raffia, PP BOPP and PPRC offers by IDR1,020,000/ton ($71/ton), PP Inj. by IDR 1,310,000/ton ($91/ton), PP film by IDR 870,000/ton ($61/ton), PPBC by IDR 580,000/ton ($40/ton), HDPE film by IDR 1,300,000/ton ($91/ton) and LLDPE grades by IDR 580,000/ton ($40/ton).

According to the trader, the producer’s PP offers currently stand at IDR 18,630,000/ton ($1270/ton) for homo-PP raffia and injection, at IDR 19,070,000/ton ($1300/ton) for homo-PP film, at IDR 18,850,000 /ton ($1285/ton) for BOPP, at IDR 20,530,000/ton ($1400/ton) for PPBC injection and at IDR 22,060,000/ton ($1504/ton) for PPRC injection, all on FD Indonesia, cash basis.

The producer’s PE offers are reported at IDR 18,560,000/ton ($1266/ton) for LLDPE c4 film, at IDR 19,480,000/ton ($1328/ton) for LLDPE c4 injection, and at IDR 20,250,000/ton ($1381/ton) for HDPE film, with the same terms.