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Indonesian buyers on the first trading day of the week reported to have received February shipment offers for both PP and PE from a major Malaysian maker. Latest price list witness a drastic increase on HDPE cargoes, thanks to prolong supply shortage while LDPE offers have remained unchanged fro three months in a row.

Latest price list and changes are shown in the following table:

Market sources are expecting buyers to accept the latest hike on HDPE cargoes given the fact that domestic offers based on FD Indonesia, cash equivalent have reached nearly $1600/ton, creating a large gap with import offers.