Indonesian maker cut local PE prices, lifted PP
Indonesian maker cut local PE prices, lifted PP
A major Indonesian producer has announced fresh weekly PP and PE prices to domestic buyers today with additional reduction on PE cargoes. This is because healthy supply and weak demand in the PE market persists in the post holiday term. Meanwhile, most PP cargoes witness increases with PP film (IPP) recorded significant hike of IDR260,000/ton ($19/ton) week on week basis.
The producer’s latest price list is shown in the following table:
