Domestic price list announced at further reduction in Indonesia

insight 14 Jan 2019

Domestic price list announced at further reduction in Indonesia

HD Film LL C4 Film PPH Inj PPH Raf

A major domestic producer has announced a fresh price list for PP and PE with an additional reduction from last week as a result of strengthening Indonesian Rupiah against the US dollar while demand is rather soft.

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

Material		Price List as of 14 Jan. 19	USD Equivalent	W.O.W Changes	USD Equivalent	Term
LL film		IDR 16,280,000	$1,155	-IDR 420,000	-$30	FD Jabodetabek, cash
LL inj		IDR 17,560,000	$1,246	-IDR 440,000	-$31	FD Jabodetabek, cash
HD film		IDR 17,700,000	$1,256	-IDR 450,000	-$32	FD Jabodetabek, cash
HD yarn		IDR 17,700,000	$1,256	-IDR 450,000	-$32	FD Jabodetabek, cash
IPP (PP Film)		IDR 17,840,000	$1,266	-IDR 310,000	-$22	FD Jabodetabek, cash
PPH yarn		IDR 17,420,000	$1,236	-IDR 290,000	-$21	FD Jabodetabek, cash
PPH inj		IDR 17,420,000	$1,236	-IDR 290,000	-$21	FD Jabodetabek, cash
BOPP		IDR 16,630,000	$1,180	-IDR 300,000	-$21	FD Jabodetabek, cash
PP coating		IDR 16,630,000	$1,180	-IDR 300,000	-$21	FD Jabodetabek, cash
PP thermo		IDR 17,560,000	$1,246	-IDR 300,000	-$21	FD Jabodetabek, cash
PPRC	IDR 20,530,000		$1,457	-IDR 510,000	-$36	FD Jabodetabek, cash
PPBC	IDR 18,550,000		$1,316	-IDR 470,000	-$33	FD Jabodetabek, cash
*Exchange Rate: USD 1 = IDR 14,092*

Indonesian players are generally conservative about the near to medium term outlook, claiming that the uncertainties associated with the general election taking place on 17 April are casting a shadow on the market and might cap any possibility of a drastic price hike.

“Traders are selling at well below the price list. We might source some quantity in the distribution market if needed,” a buyer added.

**Picture Cloudy Outlook on Mick Hartley type pad.

Country
Indonesia