Domestic producer cut PE prices in local Indonesia
Domestic producer cut PE prices in local Indonesia
Market players reported that a major PE producer in Indonesia has reduced their local LLDPE film price by IDR700,000/t (50/t) compared to last month while lower other grades by IDR420,000/t ($30/t). Sources added that sluggish demand condition and weaker upstream costs are the main drivers behind the producer’s move.
The producer’s latest price list is shown in the following table:
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