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Local producer continued lifting PP offers in Indonesia, PE remained largely unchangedLocal producer continued lifting PP offers in Indonesia, PE remained largely unchanged |
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Over the weekend, a major local producer in Indonesia opened a new weekly price list with additional increases on spot PP cargoes, mirroring the active replenishment activities in the nearby China market. On the other hand, spot PE prices saw little changes, which market participants attributed to the sluggish local 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 03 Dec. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 17,440,000 |
$1,133 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
mPE |
IDR 19,250,000 |
$1,251 |
-IDR 150,000 |
-$10 |
FD Jabodetabek |
|
LL inj |
IDR 17,990,000 |
$1,169 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
HD film |
IDR 18,540,000 |
$1,205 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 18,540,000 |
$1,205 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 19,330,000 |
$1,256 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,520,000 |
$1,138 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,040,000 |
$1,107 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PPH inj |
IDR 17,040,000 |
$1,107 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,830,000 |
$1,159 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
BOPP |
IDR 17,350,000 |
$1,127 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
PP coating |
IDR 17,350,000 |
$1,127 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
PP thermo |
IDR 17,590,000 |
$1,143 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PPRC |
IDR 19,560,000 |
$1,271 |
- |
- |
FD Jabodetabek |
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PPBC |
IDR 17,670,000 |
$1,148 |
- |
- |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,390 |
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The continuous rising PP offers unavoidably pushed buyers to the sidelines. As reported earlier, finished-product businesses across the board from woven bags to household items, and beverages, all have been falling for several months.
“The market is leveraging the bullish expectation on the demand outlook following the easing of COVID-19 lockdown measures in China. In the immediate term, we do not expect a strong reaction from Indonesian customers, because it is the year-end season. But we shall monitor further the development in the first quarter of 2023,” a market source added.
