Indonesian producer revises local PP,PE prices down

An Indonesian trader reported that a local producer implemented decreases on its PE and PP from its most recent levels except for LLDPE grades.

When compared to last week, the producer lowered its offers by IDR140,000/ton ($11/ton) for HDPE grades and PP homo raffia, by IDR200,000/ton ($15/ton) for PP homo film and by IDR130,000/ton ($10/ton) for PP homo injection and BOPP.

Accordingly, the producer’s local PE prices are reported at IDR17,170,000/ton ($1287/ton) for LLDPE film, at IDR19,060,000/ton ($1429/ton) for LLDPE injection, at IDR16,690,000/ton ($1251/ton) for HDPE film and at IDR17,570,000/ton ($1317/ton) for HDPE pipe all on an FD Jabodetabek, Indonesia, cash basis.

For PP, the producer’s offers currently stand at IDR16,690,000/ton ($1251/ton) for raffia, at IDR17,030,000/ton ($1277/ton) for injection, at IDR17,180,000/ton ($1288/ton) for film and at IDR17,120,000/ton ($1283/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.