|
|
Local PP market extended weakening trend in Indonesia; PE holds steadyIt is not surprising to see the PE market started gaining stabilization considering the relatively stable demand for these grades in Indonesia over the past months. |
|
Over the weekend, a key domestic producer in Indonesia announced fresh weekly offers to local buyers, keeping PE largely unchanged from the previous week while unexpectedly introducing large cuts on PP cargoes.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 17 Jun. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 16,100,000 |
$1,078 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 17,830,000 |
$1,193 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 16,700,000 |
$1,118 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 16,630,000 |
$1,113 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 16,630,000 |
$1,113 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 16,860,000 |
$1,129 |
-IDR 590,000 |
-$39 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,350,000 |
$1,027 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 14,450,000 |
$967 |
-IDR 450,000 |
-$30 |
FD Jabodetabek |
|
PPH inj |
IDR 14,450,000 |
$967 |
-IDR 450,000 |
-$30 |
FD Jabodetabek |
|
PP thin wall |
IDR 14,980,000 |
$1,003 |
-IDR 440,000 |
-$29 |
FD Jabodetabek |
|
BOPP |
IDR 15,050,000 |
$1,007 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 15,050,000 |
$1,007 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 14,750,000 |
$987 |
-IDR 450,000 |
-$30 |
FD Jabodetabek |
|
PPRC |
IDR 17,460,000 |
$1,169 |
-IDR 600,000 |
-$40 |
FD Jabodetabek |
|
PPBC |
IDR 16,550,000 |
$1,108 |
-IDR 600,000 |
-$40 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 14,940 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
It is not surprising to see the PE market started gaining stabilization considering the relatively stable demand for these grades in Indonesia over the past months. Besides, with the nearby Chinese market rebounding from multi-year lows, sellers would not miss the opportunity to recoup the previous losses.
“Still, we remain cautious because of the presence of near-prime and off-grade from the Malaysian plant. We might switch to more cost-effective alternatives if the producer lifts the offers,” said, a HDPE bag maker.
Meanwhile, the sharp reductions on spot homo-PP offers just heightened the barrier-to-entry for overseas sellers, who wish to maintain a firm stance on July loading shipments.
Country
Indonesia
