Major Indonesian Producer Lifts PP Prices While Keeping PE Offers Unchanged
The producer increased all PP offers by IDR540,000/ton ($30/ton), while maintaining its PE prices. The latest adjustment adds to the firming trend in Indonesia’s domestic polyolefin markets, which has continued for around two months amid elevated upstream costs and selective supply constraints. However, demand remains insufficient to provide strong support for the ongoing price increases.
Latest Domestic Offers
The producer’s latest prices on an FD Indonesia, cash basis are:
LLDPE Film
Current: IDR26,910,000/ton ($1,517/ton)
Previous: IDR26,910,000/ton
Change: No changes
LLDPE Injection
Current: IDR27,930,000/ton ($1,575/ton)
Previous: IDR27,930,000/ton
Change: No changes
HDPE Film
Current: IDR28,020,000/ton ($1,580/ton)
Previous: IDR28,020,000/ton
Change: No changes
PP Block Copolymer Injection
Current: IDR30,020,000/ton ($1,692/ton)
Previous: IDR29,480,000/ton
Change: +IDR540,000/ton ($30/ton)
PP Random Copolymer Injection
Current: IDR30,920,000/ton ($1,743/ton)
Previous: IDR30,380,000/ton
Change: +IDR540,000/ton ($30/ton)
Homo-PP Raffia
Current: IDR29,190,000/ton ($1,646/ton)
Previous: IDR28,650,000/ton
Change: +IDR540,000/ton ($30/ton)
Homo-PP Injection
Current: IDR28,830,000/ton ($1,625/ton)
Previous: IDR28,290,000/ton
Change: +IDR540,000/ton ($30/ton)
Homo-PP Film
Current: IDR32,160,000/ton ($1,813/ton)
Previous: IDR31,620,000/ton
Change: +IDR540,000/ton ($30/ton)
BOPP Film
Current: IDR29,100,000/ton ($1,641/ton)
Previous: IDR28,560,000/ton
Change: +IDR540,000/ton ($30/ton)
Market Impact
The latest announcement keeps PE prices stable after the producer’s earlier rollover, while PP has resumed its upward movement. The contrasting adjustments highlight continued firmness in PP despite limited demand support.
Indonesia’s domestic polyolefin market therefore remains caught between higher costs and selective supply tightness on the seller side and cautious buying on the converter side.
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