Another Thai major lifted PP price to Indonesia

According to market players, another Thailand maker has implemented additional price hike on their PP cargoes this week after lifting offers by $90/t at the beginning of the month. The producer added $15/t to homo-PP injection cargoes at $1060/t, $80/t on PP block copolymer to $1190/t and $25/t on PP random copolymer to $1180/t, all on CIF Indonesia, LC AS term.

Market sources reported that the producer has restarted no. 3 PP line last week after some technical issues occurred at the beginning of the month. Supply for homo-PP raffia remains limited in Indonesia at the moment.

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