Indonesian producer starts week with PP hikes

A source from an Indonesian producer reported that they started the week with upward revisions on their local PP prices. The producer raised their PP offers by IDR270,000-340,000/ton ($21-26/ton) while maintaining their PE prices when compared to last week.

According to the source, the producer’s PP prices currently stand at IDR15,450,000/ton ($1175/ton) for raffia and BOPP, at IDR15,720,000/ton ($1195/ton) for injection, to IDR15,940,000-16,010,000/ton ($1212-1217/ton) for film and at IDR16,270,000/ton ($1237/ton) for coating, all on an FD Jabodetabek, Indonesia, cash basis.

Meanwhile, the producer’s local PE prices are at IDR16,730,000/ton ($1272/ton) for LLDPE film, at IDR18,910,000/ton ($1438/ton) for LLDPE injection, at IDR16,190,000/ton ($1231/ton) for HDPE film and injection and at IDR17,680,000/ton ($1344/ton) for HDPE pipe (PE100), all on an FD Jabodetabek, Indonesia, cash basis.