Indonesia: Distributor maintained offers amid higher producer's price list

According to market players, a major local Indonesia producer has adjusted their PP offers today with IDR400000-410000/t ($30-31/t) increased from last week.

The latest price list from the producer are shown in the following table:

Meanwhile, distribution market elected to maintain offers stable in the face of weakening buying interest. A trader said, "We are currently offering below the producer's price list by $20-30/t for PP cargoes and $10-20/t for HDPE and LLDPE film. Demand is waning and we are not feeling so optimistic regarding the near term outlook."

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