Indonesian producer slightly cuts PE prices, keeps PP stable

A trader in Indonesia reported that a local producer a local producer started this week with stable prices for most PP grades and slight decreases for PE prices.

When compared to the previous week, the latest offers remained stable for PP grades, except for PPBC injection, while the producer’s PE offers saw decreases of IDR150,000/ton ($10/ton).

The producer’s PP offers currently stand at IDR17,940,000/ton ($1,228/ton) for homo-PP raffia and injection, IDR18,380,000/ton ($1,258/ton) for homo-PP film, IDR18,160,000 /ton ($1,243/ton) for BOPP, IDR 9,240,000/ton ($1,317/ton) for PPBC injection and IDR21,770,000/ton ($1,490/ton) for PPRC injection, all on an FD Indonesia, cash basis.

Meanwhile, the producer’s PE offers are at IDR17,650,000/ton ($1,208/ton) for LLDPE c4 film, IDR18,520,000/ton ($1,268/ton) for LLDPE c4 injection, and IDR 19,100,000/ton ($1307/ton) for HDPE film, with the same terms.