Indonesian maker lifted local PP prices for second time this week

A major local producer in Indonesia has implemented additional hike in PP prices today by IDR130,000-140,000/ton ($10/ton) – just a day after introducing fresh weekly offers at higher levels yesterday. Demand for homo-PP yarn is not as strong as other grade due to slower downstream woven bag businesses, however, local suppliers are taking into consideration the general tightened supply and firming global market.

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