Indonesian maker reduced domestic PE offers

Market players reported that a major Indonesian producer has adjusted their PE prices down compared to the last offer given on Monday, 11 Jan 2016 while leaving PP prices unchanged. The latest prices and reduction amounts are shown in the following table:

A buyer purchased HDPE film at $1200/t FD Indonesia, cash term commented, “Market sentiment is slow at the moment but sellers are reluctant to reduce their offers too quickly due to firm ethylene costs. We are planning to purchase in small volume in coming month and the sanction lifting for Iran is expected to have some effect on the market.”

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