Indonesian major lifted local PP, PE offers on weakened local currency
Indonesian major lifted local PP, PE offers on weakened local currency
On the final trading day of the week, a major Indonesian producer decided to implement another IDR140,000/ton ($10/ton) increased on both PP and PE cargoes. Players believed that the latest price adjustment is mainly driven by the weakened local currency against the US dollars though adding that buying interest for PE remains steady.
The producer’s latest price list and changes are shown in the following table:
