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A major domestic producer in Indonesia continues introducing additional hike on PE cargoes with limited supply and strong upstream costs remain the primary support for the price decision.

The producer’s latest price list and changes are shown in the following table:

Sentiment in domestic Indonesia is rather quiet as many buyers are away for the Christmas and New Year Holidays. Continuous surging local prices, especially on HDPE film cargoes has encouraged several buyers to seek re-export cargoes from neighbouring markets. “We only have a small quantity left of HDPE film, offering above the producer’s price list. Supply for LLDPE film is still sufficient. Our regular customers are in need to make purchases, yet only accept the previous levels. We plan to hold firm stance for now,” a trader informed.