Indonesian producer starts week with local PP, PE hikes

A trader reported that an Indonesian producer started this week with increases on their local PP and PE prices, except for LLDPE.

When compared to their most recent levels, the producer increased their PE prices by IDR130,000/ton ($10/ton) for HDPE film and HDPE pipe while keeping their LLDPE offers stable. The producer’s PP offers were up by IDR260,000/ton ($19/ton) for film and injection while their raffia and BOPP offers also rose by IDR270,000/ton ($20/ton).

Accordingly, the producer’s local PE prices are currently reported at IDR17,170,000/ton ($1284/ton) for LLDPE film, at IDR19,060,000/ton ($1425/ton) for LLDPE injection, at IDR16,690,000/ton ($1248/ton) for HDPE film and at IDR17,570,000/ton ($1314/ton) for HDPE pipe all on an FD Jabodetabek, Indonesia, cash basis.

For PP, the producer’s offers currently stand at IDR17,100,000/ton ($1279/ton) for raffia, IDR17,430,000/ton ($1303/ton) for injection, at IDR17,580,000/ton ($1314/ton) for film and at IDR17,440,000/ton ($1304/ton) for BOPP, all on an FD Jabodetabek, Indonesia, cash basis.