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Local producer cuts PE prices in Indonesia, maintain PP stableLocal producer cuts PE prices in Indonesia, maintain PP stable |
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It is reported that a major domestic producer in Indonesia has announced fresh weekly PP and PE offers to local buyers with additional $10/ton discount of PE cargoes while maintaining PP prices unchanged.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 17 Dec. 2018 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 17,650,000 |
$1,208 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 18,520,000 |
$1,268 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 19,100,000 |
$1,308 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 19,100,000 |
$1,308 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,380,000 |
$1,258 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 17,940,000 |
$1,228 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 17,940,000 |
$1,228 |
- |
- |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,160,000 |
$1,243 |
- |
- |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,160,000 |
$1,243 |
- |
- |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,090,000 |
$1,239 |
- |
- |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 21,040,000 |
$1,441 |
- |
- |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 19,240,000 |
$1,317 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
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Exchange Rate: USD 1 = IDR 14,606 |
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Market participant informed that the maker is not having high supply for homo-PP yarn cargoes given a switch in production to make other grades. This has not given the sentiment any strong boost, however, buyers are returning to make small replenishment.
“We are not hoping to see any rebound in the near-term, but just stabilize condition is good enough for traders,” a trader added.
Country
Indonesia
