Local PP, PE offers in Indonesia continue to fall in a quicker pace

insight 10 Dec 2018

Local PP, PE offers in Indonesia continue to fall in a quicker pace

HD Film LL C4 Film PPH Inj PPH Raf

Indonesian buyers on the first trading day of the week receive fresh PP and PE offers from a major local producer with large reduction from last week. Softer sentiment and comfortable supply in the distribution market are blamed for such persistent weakness.

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

Material		Price List as of 10 Dec. 2018	USD Equivalent		W.O.W Changes	USD Equivalent	Term
LL film		IDR 17,800,000	$1,228		-IDR 760,000	-$52	FD Jabodetabek, cash
LL inj		IDR 18,670,000	$1,288		-IDR 810,000	-$56	FD Jabodetabek, cash
HD film		IDR 19,250,000	$1,328		-IDR 1,000,000	-$69	FD Jabodetabek, cash
HD yarn		IDR 19,250,000	$1,328		-IDR 1,000,000	-$69	FD Jabodetabek, cash
HD pipe		-	-		-	-	FD Jabodetabek, cash
IPP (PP Film)		IDR 18,380,000	$1,268		-IDR 690,000	-$48	FD Jabodetabek, cash
PPH yarn		IDR 17,940,000	$1,237		-IDR 690,000	-$48	FD Jabodetabek, cash
PPH inj		IDR 17,940,000	$1,237		-IDR 690,000	-$48	FD Jabodetabek, cash
BOPP		IDR 18,160,000	$1,253		-IDR 690,000	-$48	FD Jabodetabek, cash
PP coating		IDR 18,160,000	$1,253		-IDR 690,000	-$48	FD Jabodetabek, cash
PP thermo		IDR 18,090,000	$1,248		-IDR 690,000	-$48	FD Jabodetabek, cash
PPRC	IDR 21,040,000			$1,451	-IDR 290,000	-$20	FD Jabodetabek, cash
PPBC	IDR 19,390,000			$1,337	-IDR 1,140,000	-$79	FD Jabodetabek, cash
*Exchange Rate: USD 1 = IDR 14,498*

Indonesian market participant expected prices to remain weak this week unless the upstream market shows significant hike. “Most buyers are entering the holiday mood. We do not expect transactions to be strong,” a local trader commented,

Country
Indonesia