Indonesia Polyolefin Prices Extend Rally as PP Continues to Lead PE

Indonesia's domestic polyolefin market continued its upward momentum as a major local producer announced its sixth consecutive price increase for PP and PE. Although this latest revision was smaller than previous rounds, polypropylene once again recorded stronger gains than polyethylene, supported by tighter product availability and firmer market fundamentals.

In the PE segment, price increases remained relatively moderate. LLDPE Film and LLDPE Injection each moved up by IDR360,000/ton ($20/ton), while HDPE Film posted a slightly higher increase of IDR370,000/ton ($21/ton).

PP grades continued to outperform the PE market. PP Random Copolymer Injection and Homo PP Injection increased by IDR540,000/ton ($30/ton), while PP Block Copolymer Injection, Homo PP Raffia, Homo PP Film, and BOPP Film all recorded larger gains of IDR550,000/ton ($31/ton), reflecting tighter supply conditions.

Latest Domestic Price Levels (FD Indonesia, Cash)

LLDPE Film
Current Price: IDR21,900,000/ton ($1,214/ton)
Increase: ▲ IDR360,000/ton ($20/ton)

LLDPE Injection
Current Price: IDR23,010,000/ton ($1,276/ton)
Increase: ▲ IDR360,000/ton ($20/ton)

HDPE Film
Current Price: IDR22,630,000/ton ($1,255/ton)
Increase: ▲ IDR370,000/ton ($21/ton)

PP Block Copolymer (Injection)
Current Price: IDR27,080,000/ton ($1,502/ton)
Increase: ▲ IDR550,000/ton ($31/ton)

PP Random Copolymer (Injection)
Current Price: IDR28,530,000/ton ($1,582/ton)
Increase: ▲ IDR540,000/ton ($30/ton)

Homo PP Raffia
Current Price: IDR24,720,000/ton ($1,371/ton)
Increase: ▲ IDR550,000/ton ($31/ton)

Homo PP Injection
Current Price: IDR24,350,000/ton ($1,350/ton)
Increase: ▲ IDR540,000/ton ($30/ton)

Homo PP Film
Current Price: IDR25,810,000/ton ($1,431/ton)
Increase: ▲ IDR550,000/ton ($31/ton)

BOPP Film
Current Price: IDR24,630,000/ton ($1,366/ton)
Increase: ▲ IDR550,000/ton ($31/ton)

The latest pricing reflects continued confidence among domestic suppliers as production costs remain elevated and PP supply stays tighter than PE. While the pace of increases has eased compared with earlier rounds, the market continues to trend upward, with polypropylene maintaining a stronger performance due to its comparatively limited availability.

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