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Indonesian maker kept local PP, PE offers on the firming trackIndonesian maker kept local PP, PE offers on the firming track |
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A major domestic producer in Indonesia announced fresh PP and PE offers to domestic buyers with minor increases compared to the previous price announcement, mostly to reflect the exchange rates while the demand has been dwindling for a couple of weeks now.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of17 Dec. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 17,200,000 |
$1,102 |
+IDR 100,000 |
+$6 |
FD Jabodetabek |
|
mPE |
IDR 19,170,000 |
$1,228 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
LL inj |
IDR 17,750,000 |
$1,137 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
HD film |
IDR 18,810,000 |
$1,205 |
+IDR 270,000 |
+$17 |
FD Jabodetabek |
|
HD yarn |
IDR 18,810,000 |
$1,205 |
+IDR 270,000 |
+$17 |
FD Jabodetabek |
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HD blow |
IDR 19,560,000 |
$1,253 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
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IPP (PP Film) |
IDR 18,220,000 |
$1,167 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PPH yarn |
IDR 17,750,000 |
$1,137 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PPH inj |
IDR 17,440,000 |
$1,117 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PP thin wall |
IDR 18,220,000 |
$1,167 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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BOPP |
IDR 18,070,000 |
$1,158 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PP coating |
IDR 18,070,000 |
$1,158 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PP thermo |
IDR 18,300,000 |
$1,172 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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PPRC |
IDR 20,270,000 |
$1,298 |
+IDR 130,000 |
+$8 |
FD Jabodetabek |
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PPBC |
IDR 18,220,000 |
$1,167 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,611 |
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As reported earlier, Indonesian customers have been complaining about the persistently weak end-product businesses even though December is usually the high-demand season. Some buyers even complained that the producer’s latest offers are even higher than the selling prices of the finished goods, which discouraged them from making new purchases.
“The market is very quiet. Many of our customers will be taking off for the Christmas and New Year holidays by 20 December. Therefore, we do not expect strong replenishment activities in the next couple of weeks,” a trader added.
