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Major local producer slashed PP and PE prices in IndonesiaMajor local producer slashed PP and PE prices in Indonesia |
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A major domestic producer in Indonesia once again implement a drastic price cut for both PP and PE amid persistently weak demand condition in the country.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 28 Oct. 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 13,720,000 |
$979 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
|
LL inj |
IDR 15,060,000 |
$1,074 |
-IDR 360,000 |
-$26 |
FD Jabodetabek |
|
HD film |
IDR 13,860,000 |
$989 |
-IDR 490,000 |
-$35 |
FD Jabodetabek |
|
HD yarn |
IDR 13,860,000 |
$989 |
-IDR 490,000 |
-$35 |
FD Jabodetabek |
|
HD blow |
IDR 13,860,000 |
$989 |
-IDR 490,000 |
-$35 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,190,000 |
$1,226 |
-IDR 360,000 |
-$26 |
FD Jabodetabek |
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PPH yarn |
IDR 16,620,000 |
$1,186 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
|
PPH inj |
IDR 16,620,000 |
$1,186 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
|
BOPP |
IDR 16,910,000 |
$1,206 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
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PP coating |
IDR 16,910,000 |
$1,206 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
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PP thermo |
IDR 17,050,000 |
$1,216 |
-IDR 350,000 |
-$25 |
FD Jabodetabek |
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PPRC |
IDR 19,790,000 |
$1,412 |
-IDR 360,000 |
-$26 |
FD Jabodetabek |
|
PPBC |
IDR 16,770,000 |
$1,196 |
-IDR 360,000 |
-$26 |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,016 |
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The cuts emerge despite the low inventory level inside Indonesia due to a couple of production issues at local PP and PE plants.
“Sluggish demand has overshadowed the supply tightness condition. Looking forward, we hope that customers would return to the local ground for replenishment as BMDTP allocation for 2019 is completing,” a local trader commented.
Country
Indonesia
