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Local PP offers continue to decline in Indonesia, PE hold steadyLocal PP offers continue to decline in Indonesia, PE hold steady |
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A major local producer in Indonesia once again surprise the market by reducing spot offers for most PP grades by $10/ton from last week regardless of the steep depreciation of the local currency against the US dollar.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 2 Mar. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 12,940,000 |
$905 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 14,450,000 |
$1,010 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 13,350,000 |
$933 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 13,350,000 |
$933 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 13,280,000 |
$928 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 14,930,000 |
$1,044 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 14,310,000 |
$1,000 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PPH inj |
IDR 14,310,000 |
$1,000 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
BOPP |
IDR 14,720,000 |
$1,029 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PP coating |
IDR 14,720,000 |
$1,029 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PP thermo |
IDR 14,440,000 |
$1,009 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PPRC |
IDR 16,510,000 |
$1,154 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
PPBC |
IDR 15,410,000 |
$1,077 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,305 |
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Sources believed that the move is to distract buyers from the import ground, as at the moment, local cargoes are gaining a competitive advantage.
“At the current exchange rate, it is more expensive to buy USD dominated cargoes. Purchasing interest has been improving since last week, though we are a bit concern over the COVID-19 development in Indonesia,” a local trader added.
Country
Indonesia
