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It is reported that a major local producer in Indonesia has announced fresh PP and PE offers to domestic with $20/ton reduction on PE cargoes while keeping PP prices on the stable to firmer track.

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

Supply for LLDPE film in the local market is now pretty lengthy despite the recent production disruption at major domestic plants, sources said, thanks to the heavy influx of USA and Indian cargoes.

“Traders are offering USA and Indian LLDPE film at well below producer’s price list at the moment. Buyers tend to buy these cargoes given the price competitiveness. We have very little confidence in the near-term outlook,” a market source commented.