Major Indonesia cuts PE offers in local market

One of the major Indonesia producers has imposed price reduction for PE today in domestic market with a decrease of IDR400,000/ton ($31/ton) for LLDPE, IDR200,000/ton ($15/ton) for HDPE film and IDR300,000/ton ($23/ton) for HDPE non-film grades as compared to previous offers by end of August.

The latest price levels of the producer are shown in the following table: