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Ample supply continues capping local PE market in IndonesiaAmple supply continues capping local PE market in Indonesia |
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It is reported that a major local producer in Indonesia has announced fresh PP and PE offers to the domestic market on the first trading day of the week. The latest price list sees IDR140,000-150,000/ton hike in most PP grades while PE remains unchanged week on week.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 8 July 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 15,620,000 |
$1,105 |
- |
- |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 16,930,000 |
$1,198 |
- |
- |
FD Jabodetabek, cash |
|
|
HD film |
IDR 16,060,000 |
$1,136 |
- |
- |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 16,060,000 |
$1,136 |
- |
- |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 17,360,000 |
$1,228 |
IDR 150,000 |
$11 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 16,920,000 |
$1,197 |
IDR 140,000 |
$10 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 16,920,000 |
$1,197 |
IDR 140,000 |
$10 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 17,500,000 |
$1,238 |
IDR 150,000 |
$11 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 17,500,000 |
$1,238 |
IDR 150,000 |
$11 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 17,360,000 |
$1,228 |
IDR 150,000 |
$11 |
FD Jabodetabek, cash |
|
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PPRC |
IDR 20,820,000 |
$1,473 |
IDR 140,000 |
$10 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 17,650,000 |
$1,249 |
- |
- |
FD Jabodetabek, cash |
|
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Exchange Rate: USD 1 = IDR 14,136 |
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Sources reported that supply for PE in the country is apparently more comfortable than PP, especially for LLDPE film. This is one of the factors that cap the PE market’s ability to advance further despite the firming regional market.
“Buyers remain very cautious. Traders with heavy stock on hand are offering at $10/ton below the producer’s price list. As a result, customers do not have the urge to speed up replenishment,” a market source said.
Country
Indonesia
