SSESSMENTS.COM was informed that a local trader adjusted PE and PP offers following the unexpected shutdown at the leading Indonesian polyolefins producer’s plants. As informed, the leading Indonesian polyolefins producer is under inventory pressure for LLDPE Film C4, hence, the producer decided to shut its LLDPE plants to keep the inventory at a healthy level. The producer also confirmed that there is an issue at its HPDE plant. Moreover, delivery for LLDPE Film C4 cargoes from the producer will also be delayed until an unspecified time while for HDPE Film will be delayed for around two weeks.
In terms of offers, the trader decided to increase local offers for HDPE Film and LLDPE Film C4 by IDR400,000/ton ($26/ton) and IDR500,000/ton ($33/ton), respectively. As for PP, the trader also made an upward adjustment on PP Homo Injection and PP Homo Raffia offers by IDR100,000/ton ($6/ton). All changes are compared to offers on May 5. At the time of publication, no deals reported yet.
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