Indonesian producer starts week with increases on local PP, PE

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.