Major Indonesian Producer Holds PP and PE Prices Steady

A leading Indonesian producer has kept its domestic polypropylene (PP) and polyethylene (PE) prices unchanged, according to market sources. This marks the first pause for PP after five consecutive price hikes, which had risen more sharply compared to PE. Despite the rollover, prices continue to remain at elevated levels, keeping overall market sentiment firm across Indonesia.

The stability in pricing suggests that while the aggressive uptrend has paused, tight supply conditions and high cost pressures are still supporting the market at current highs.

Latest Domestic Offers (FD Indonesia, Cash Basis – IDR/ton):

LLDPE Film: 35,570,000 (~$2082/ton) — No change
LLDPE Injection: 36,090,000 (~$2112/ton) — No change
HDPE Film: 36,260,000 (~$2122/ton) — No change
PP Block Copolymer Injection: 36,770,000 (~$2152/ton) — No change
PP Random Copolymer Injection: 38,820,000 (~$2272/ton) — No change
Homo PP Raffia & Injection: 35,910,000 (~$2102/ton) — No change
Homo PP Film: 36,940,000 (~$2162/ton) — No change
BOPP Film: 35,910,000 (~$2102/ton) — No change

Market participants note that even though prices have stabilized for now, they remain near peak levels. The pause in PP hikes may indicate temporary resistance from buyers, but the overall tone stays supported by ongoing supply tightness and firm upstream costs.

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