Indonesian producer imposed second price hike on HDPE offers in local market

A major maker from Indonesia has implemented price hike for the second time of the day toward HDPE film offers in domestic market, with further IDR860,000/ton ($65/ton) increased as compared to initial offers as reported earlier this morning. Players attributed the price hike toward recent tight supply situation of spot HDPE film cargoes in the region.

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