Another PE producer cuts local prices in Indonesia

Indonesian buyers reported to have received fresh weekly offers from another major PE producer in the country with IDR100,000/ton ($7.5/ton) reduction. A number of buyers have expressed the intention to place lager bids for the cargoes despite several discount schemes including quantity and cash discount available, which accounted for up to IDR330,000/ton ($25/ton) deduction from initial prices.

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