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Indonesian producer lifted local PP, PE offers on exchange rateIndonesian producer lifted local PP, PE offers on exchange rate |
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A major domestic producer in Indonesia decided to introduce IDR140,000-150,000/ton ($10-11/ton) increased in the latest weekly PP and PE offers to local market. A source close to the producer informed that the upward adjustment is a result of the depreciation of the Indonesia Rupiah against the US dollar, while demand holds largely stable.
The producer’s latest price list and changes are shown in the following table:
