CommoPlast

Thai's homo-PP and HDPE move north in Indonesia

Thai's homo-PP and HDPE move north in Indonesia



A major Thailand producer has announced fresh weekly offers to Indonesia today with small increment compared to earlier this month. In fact, the maker reportedly lifted homo-PP and HDPE prices by $10/ton and the latest offers are shown in the below table: 

Indonesian buyers are not very excited about the hike despite tight PP film supply in local ground. A buyer informed, “There are some technical issues at the producer’s plant, however, we think the offers are too high. Domestic market is still more competitive than this new offers.”