CommoPlast Article

Over the weekend, a key local producer announced new PP and PE offers in Indonesia largely at unchanged levels compared to the week before, except for a couple of HDPE and PP block copolymer grades that hiked up slightly.

The producer’s latest price list and changes compared to last week are shown in the following table:

Material	Price List as of 11 Jun. 22	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 21,810,000	$1,496	-	-	FD Jabodetabek
mPE	IDR 23,710,000	$1,626	-	-	FD Jabodetabek
LL inj	IDR 22,540,000	$1,546	-	-	FD Jabodetabek
HD film	IDR 21,250,000	$1,457	+IDR 170,000	+$12	FD Jabodetabek
HD yarn	IDR 21,540,000	$1,477	+IDR 170,000	+$12	FD Jabodetabek
HD blow	IDR 21,520,000	$1,476	-	-	FD Jabodetabek
IPP (PP Film)	IDR 22,100,000	$1,516	-	-	FD Jabodetabek
PPH yarn	IDR 21,150,000	$1,450	-	-	FD Jabodetabek
PPH inj	IDR 21,150,000	$1,450	-	-	FD Jabodetabek
PP thin wall	IDR 22,540,000	$1,546	-	-	FD Jabodetabek
BOPP	IDR 21,590,000	$1,481	-	-	FD Jabodetabek
PP coating	IDR 21,590,000	$1,481	-	-	FD Jabodetabek
PP thermo	IDR 21,520,000	$1,476	-	-	FD Jabodetabek
PPRC	IDR 22,390,000	$1,535	-	-	FD Jabodetabek
PPBC	IDR 22,120,000	$1,517	+IDR 310,000	+$21	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,582

“The new price list balanced out the depreciation of the Rupiah and the competitive offers in the distribution market. At the moment, aggressive price hikes would only push buyers to the sideline,” a market source commented.

Up to late last week, transactions for PP and HDPE in the domestic distribution market remained satisfactory, though most buyers are small-scale manufacturers. Larger scale buyers have completed replenishment, which could limit the extent of any potential drastic increases ahead.

Domestic PP, PE offers tracks stable to firmer trend in Indonesia