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Trader: Indonesian producer cuts local PE prices

by ChemOrbis Editorial Team -
  • 10/07/2015 (10:27)
A trader reported that an Indonesian producer lowered their local PE prices in the face of decreasing spot ethylene costs as well as slow demand in the domestic market.

According to the trader, the producer cut their prices by IDR400,000/ton ($30/ton) for LLDPE film, by IDR500,000/ton ($38/ton) for HDPE film, HDPE injection and LLDPE c4 rotational moulding and by IDR1,180,000/ton ($89/ton) for HDPE blow moulding. He stated, “The producer is willing to give discounts for large scale purchases as well as for cash payments.”

The producer’s new offers stand at IDR20,800,000/ton ($1562/ton) for LLDPE film, at IDR21,240,000/ton ($1595/ton) for LLDPE rotational moulding, at IDR20,560,000/ton ($1544/ton) for HDPE film and HDPE b/m and at IDR20,700,000/ton ($1555/ton) for HDPE injection, all on an FD Indonesia, cash basis.
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