Indonesian major lifted PP prices in domestic market 

Market sources reported receiving the fifth price list this week from a major local producer today, which indicated another IDR130,000/ton ($10/ton) increased on PP cargoes, the third price increment for this grade in three days. With this, local homo-PP offers have gained a total of $30/ton compared to last week. The latest price list is shown in the following table:

Source from the producer inform, "Demand for PP in local market is very healthy, in which we think there might be still room for prices to firm up again in the near term. We maintain positive outlook for Q3 in spite of the turnaround postponement at one of the local plant."