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Domestic maker lifts homo-PP offers in Indonesia, cutting PE pricesDomestic maker lifts homo-PP offers in Indonesia, cutting PE prices |
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A key local producer in Indonesia decides to lift spot PP offers in the latest weekly price announcement while keeping PE on the stable to softening track. The price decision has confused the market given the persistently sluggish demand condition.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 27 Dec. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 20,350,000 |
$1,435 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
mPE |
IDR 22,540,000 |
$1,590 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 21,350,000 |
$1,506 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
HD film |
IDR 19,110,000 |
$1,348 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 19,000,000 |
$1,340 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 19,620,000 |
$1,384 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,640,000 |
$1,456 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,880,000 |
$1,402 |
+IDR 220,000 |
+$16 |
FD Jabodetabek |
|
PPH inj |
IDR 19,800,000 |
$1,397 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
PP thin wall |
IDR 20,970,000 |
$1,523 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
BOPP |
IDR 20,480,000 |
$1,445 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
PP coating |
IDR 20,480,000 |
$1,445 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
PP thermo |
IDR 20,050,000 |
$1,414 |
+IDR 220,000 |
+$16 |
FD Jabodetabek |
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PPRC |
IDR 24,080,000 |
$1,699 |
+IDR 220,000 |
+$16 |
FD Jabodetabek |
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PPBC |
IDR 21,850,000 |
$1,541 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,117 |
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The hikes in spot PP cargoes are attributed to the limited ready-stock cargoes in the local ground, however, buyers are not responding positively toward the new price list, especially when a large part of the market has taken off for the holiday.
“The producer is too optimistic about the market outlook. The demand is not strong enough to support any price increment at the moment. Our customers prefer to adopt a wait and see stance,” a trader said.
