Malaysian producer announced May shipment PP, PE offers to Indonesia

On the first trading day of the week, it is reported that a major Malaysian producer has announced fresh price list for PP and PE to Indonesia with increases from last month. This is the third hike in a row the producer introduces on both of the grades.

Latest price list and changes are shown in the following table:

Sentiment in Indonesia market has not shown any major improvement as players are waiting for the general election results. However, it is reported that many buyers started asking for new offers, signalling that market might have chance to pick up.