Indonesian producer lifted PP prices twice in a week

On the final trading day of the week, a major local producer in Indonesia implemented additional hike on PP cargoes following significant uptick in demand, marking the second upward adjustment within a week.  

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

A buyer added, “We think local ground might continue to firm up in the near term as availability is very limited. Besides the production issues, tightened cargoes clearance regulations at main ports also hampered the circulation of materials. We are covered till September and currently considering about longer stock.”