03 December 2010 05:50 [Source: ICIS news]
PP injection and yarn grades from different sources were sold at $1,430-1,520/tonne CFR (cost and freight)
Bi-axially oriented film grade PP (BOPP) from different sources was sold at $1,450-1,510/tonne CFR Indonesia for December shipment, rising as much as $60/tonne or 4% week on week.
Domestic supply had been tight since local producer, Polytama Propindo shut its 380,000 tonne/year plant in Balongan,
Supply of IPP and thermoforming PP had been most affected by the shutdown, but local availability of other grades such as injection, yarn and BOPP had also been affected, local distributors said.
To cater to customers who typically buy from Polytama Propindo, other suppliers in
The two other producers --Chandra Asri Petrochemical and Pertamina-- have a combined PP capacity of 405,000 tonnes/year.
($1 = €0.76)
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