Indonesia's major polyolefin producer announced a fifth consecutive price increase on November 2, 2026, with PP grades attracting significantly steeper hikes than PE, according to CommoPlast's November 3 morning briefing.
The increases were driven by record-high propylene costs and tight prompt availability, with propylene FOB South Korea reaching a historical high the previous week. PE demand received some seasonal support from converters preparing for the first-quarter 2027 festive season.
Delayed import arrivals further tightened prompt availability, forcing some buyers to turn to the producer to cover immediate requirements. Distribution inventories were reported to be extremely limited, with some distributors holding back offers amid expectations of further increases.
The briefing noted that the latest increases could further test buyers' price tolerance as elevated offers continue to outpace improvements in end-product demand.
