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Indonesian producer starts week with further hikes on local PP, PE

by ChemOrbis Editorial Team -
  • 14/08/2017 (17:25)
A trader based in Jakarta reported that an Indonesian producer started this week with additional increases on their local PP and PE prices when compared to their latest levels. The producer’s offers have been steadily moving higher for the fourth consecutive week.

According to the trader, the producer raised its offers by IDR270,000/ton ($20/ton) for all PP and PE grades except for homo-PP film, which increased by IDR260,000/ton ($19/ton) from last week.

The producer’s new PP prices currently stand at IDR16,700,000/ton ($1246/ton) for homo-PP raffia, at IDR17,030,000/ton ($1270/ton) for homo-PP injection, at IDR17,180,000/ton ($1282/ton) for homo-PP film, at IDR17,120,000/ton ($1277/ton) for BOPP, at IDR16,850,000/ton ($1257/ton) for PPBC injection and at IDR19,390,000/ton ($1446/ton) for PPRC injection, all on FD Indonesia, cash basis.

For PE, the producer’s offers are currently reported at IDR16,110,000/ton ($1202/ton) for LLDPE c4 film, at IDR18,120,000/ton ($1352/ton) for LLDPE c4 injection, at IDR16,310,000/ton ($1217/ton) for HDPE film and at IDR17,180,000/ton ($1282/ton) for HDPE pipe, with the same terms.
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