As SSESSMENTS.COM noted, an Indonesian trader has announced the second adjustment on local PE and PP offers for this week. On Wednesday, July 29, the trader revealed on adjusting down offers for local PE and PP cargoes across different grades between IDR150,000-350,000/ton ($10-24/ton) as compared to last week. The move, however, failed to attract buyers. Overall responses were cold.
On July 30, the trader made a further reduction on both local PE and PP offers. As reported to SSESSMENTS.COM, the trader lowered offers for local HDPE Film and LLDPE Film C4 cargoes by IDR400,000/ton ($27/ton) and IDR200,000/ton ($14/ton), respectively, compared to the offers on July 29. Similarly, local offers for PP Homo Injection and PP Homo Raffia were adjusted down by IDR200,000/ton ($14/ton) as compared to the same period. Until the time of publication, no deals concluded yet.
