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Local PP, PE market in Indonesia gallops lower as sluggish demand persistsThe producer has been cutting offers for five consecutive weeks to facilitate transactions, and still, the reductions observed in the import ground and in the distribution market seem to outpace the maker’s effort. |
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As expected, a key Indonesian producer announced spot PP and PE offers to the domestic market with additional decreases as buyers continue to stay on the sidelines while sentiment across the region shows no signs of improvement.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 03 Jun. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 16,100,000 |
$1,084 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
mPE |
IDR 17,830,000 |
$1,200 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
|
LL inj |
IDR 16,700,000 |
$1,124 |
-IDR 120,000 |
-$8 |
FD Jabodetabek |
|
HD film |
IDR 16,630,000 |
$1,119 |
-IDR 250,000 |
-$17 |
FD Jabodetabek |
|
HD yarn |
IDR 16,630,000 |
$1,119 |
-IDR 250,000 |
-$17 |
FD Jabodetabek |
|
HD blow |
IDR 17,450,000 |
$1,175 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,800,000 |
$1,064 |
-IDR 550,000 |
-$37 |
FD Jabodetabek |
|
PPH yarn |
IDR 15,200,000 |
$1,023 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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PPH inj |
IDR 15,200,000 |
$1,023 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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PP thin wall |
IDR 15,680,000 |
$1,056 |
-IDR 450,000 |
-$30 |
FD Jabodetabek |
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BOPP |
IDR 15,500,000 |
$1,043 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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PP coating |
IDR 15,500,000 |
$1,043 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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PP thermo |
IDR 15,500,000 |
$1,043 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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PPRC |
IDR 18,060,000 |
$1,216 |
-IDR 90,000 |
-$6 |
FD Jabodetabek |
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PPBC |
IDR 17,150,000 |
$1,154 |
-IDR 700,000 |
-$47 |
FD Jabodetabek |
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*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 14,855 |
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The producer has been cutting offers for five consecutive weeks to facilitate transactions, and still, the reductions observed in the import ground and in the distribution market seem to outpace the maker’s effort.
“Forward selling homo-PP cargoes have already breached below the IDR 15,000,000/ton threshold, making the producer’s offers unattractive. We think the downtrend is likely to persist in the coming days,” said, a buyer.
