Indonesian producer starts week with increases on local PP, PE
by ChemOrbis Editorial Team - content@chemorbis.com
A trader in Indonesia reported that a local producer started the week with increases on its PP and PE offers to its local market except for LLDPE grades from last week. The producer had elected to keep its offers stable for both products last week.
When compared to November 27, the producer increased its offers for HDPE by IDR270,000/ton ($20/ton) while keeping LLDPE grades steady. For PP, the producer raised its offers by IDR130,000/ton ($10/ton)for homo-PP raffia and injection, film and PPRC, by IDR140,000/ton ($11/ton) for BOPP and by IDR270,000/ton ($20/ton) for PPBC.
The producer’s PP offers are currently standing at IDR16,970,000/ton ($1249/ton) for homo-PP raffia and injection, at IDR17,380,000/ton ($1280/ton) for homo-PP film and BOPP, at IDR18,640,000/ton ($1372/ton) for PPBC injection and at IDR19,550,000/ton ($1439/ton) for PPRC injection, all on FD Indonesia, cash basis.
As for PE, the producer’s offers are reported at IDR17,420,000/ton ($1283/ton) for LLDPE c4 film, at IDR19,420,000/ton ($1430/ton) for LLDPE c4 injection, at IDR18,320,000/ton ($1349/ton) for HDPE film and at IDR19,190,000/ton ($1413/ton) for HDPE pipe, with the same terms.
When compared to November 27, the producer increased its offers for HDPE by IDR270,000/ton ($20/ton) while keeping LLDPE grades steady. For PP, the producer raised its offers by IDR130,000/ton ($10/ton)for homo-PP raffia and injection, film and PPRC, by IDR140,000/ton ($11/ton) for BOPP and by IDR270,000/ton ($20/ton) for PPBC.
The producer’s PP offers are currently standing at IDR16,970,000/ton ($1249/ton) for homo-PP raffia and injection, at IDR17,380,000/ton ($1280/ton) for homo-PP film and BOPP, at IDR18,640,000/ton ($1372/ton) for PPBC injection and at IDR19,550,000/ton ($1439/ton) for PPRC injection, all on FD Indonesia, cash basis.
As for PE, the producer’s offers are reported at IDR17,420,000/ton ($1283/ton) for LLDPE c4 film, at IDR19,420,000/ton ($1430/ton) for LLDPE c4 injection, at IDR18,320,000/ton ($1349/ton) for HDPE film and at IDR19,190,000/ton ($1413/ton) for HDPE pipe, with the same terms.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Turkey's polymer markets deadlocked as lira’s freefall shatters all records
- Homo-PP downturn in full swing in China
- Bearish pressure mounts on SE Asian PE markets
- Oil faces demand pressure from renewed Covid-19 fears
- Europe PET market hovers around a decade-high, Asia stumbles
- Turkey's import PE market set to reverse course in December
- Sentiment in China PP, PE markets turns bearish again
- Taiwanese major’s Dec PVC price cuts deeper than expected
- Egypt’s PP, PE prices see corrections as buyers resist firm offers
- Nov hikes send Europe’s PE markets to multi-month highs
