Indonesian producer raise the payment to local PP, PE
Sept. 03, 2018
A trader reported that a an Indonesian producer applied increases on its local PP and PE offers as of today after only lifting its PPBC inj. offers by IDR150,000 ($10/ton) at the start of the week.
According to the trader, the producer increased its BOPP, PP block copolymer inj., PP random copolymer inj., HDPE film and pipe and LLDPE film offers by IDR290,000/ton ($20/ton) while applying a larger increase of IDR300,000/ton ($21/ton) for homo-PP raffia and injection and LLDPE inj. offers.
The producer’s PP offers are currently reported at IDR19,810,000/ton ($1348/ton) for homo-PP raffia and injection, at IDR20,380,000/ton ($1387/ton) for homo-PP film, at IDR20,310,000/ton ($1382/ton) for BOPP, at IDR21,540,000/ton ($1466/ton) for PPBC injection and at IDR22,840,000/ton ($1554/ton) for PPRC injection, all on FD Indonesia, cash basis.
The producer’s PE offers currently stand at IDR20,760,000/ton ($1413/ton) for LLDPE c4 film, at IDR22,240,000/ton ($1514/ton) for LLDPE c4 injection, at IDR24,140,000/ton ($1643/ton) for HDPE film and HDPE pipe, with the same terms.