Indonesian maker lifted local PP for second week, PE remain soft

Indonesian players reported to have received fresh weekly offers from a major local producer on the first trading day of the week with additional increment on PP cargoes. Latest offers indicated significant hike on PP film and PP random copolymer, which players attributed to tightening supply in distribution market.

In contrast, offers for LLDPE continue to inch lower amid persistent weak demand and pressure from lower PE prices from another local maker.

The producer’s latest price list is shown in the following table: