Domestic Indonesian producer maintains firm stance on local PP and PE cargoes

insight 30 Mar 2020

Domestic Indonesian producer maintains firm stance on local PP and PE cargoes

Despite the sluggish demand condition in this market, a major Indonesian producer decided to maintain a rather firm stance on spot PP and PE cargoes citing the exchange rate for the support.

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

Material	Price List as of 30 Mar. 20	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 13,850,000	$855	+IDR 45,000	+$3	FD Jabodetabek
LL inj	IDR 15,480,000	$956	+IDR 54,000	+$3	FD Jabodetabek
HD film	IDR 14,780,000	$912	+IDR 58,000	+$4	FD Jabodetabek
HD yarn	IDR 14,780,000	$912	+IDR 58,000	+$4	FD Jabodetabek
HD blow	IDR 14,710,000	$908	+IDR 58,000	+$4	FD Jabodetabek
IPP (PP Film)	IDR 15,660,000	$967	+IDR 17,000	+$1	FD Jabodetabek
PPH yarn	IDR 15,000,000	$926	+IDR 13,000	+$1	FD Jabodetabek
PPH inj	IDR 15,000,000	$926	+IDR 13,000	+$1	FD Jabodetabek
BOPP	IDR 15,610,000	$964	+IDR 33,000	+$2	FD Jabodetabek
PP coating	IDR 15,610,000	$964	+IDR 33,000	+$2	FD Jabodetabek
PP thermo	IDR 15,140,000	$935	+IDR 14,000	+$1	FD Jabodetabek
PPRC	IDR 17,380,000	$1,073	+IDR 28,000	+$2	FD Jabodetabek
PPBC	IDR 16,530,000	$1,020	+IDR 53,000	+$3	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 16,199

The reaction from the spot market is not very strong, according to market sources. Many players are slowing down purchases amid the fear that the country might start implementing partial lockdown in order to curb the spread of the Covid-19.

Meanwhile, demand from the food packaging sector remains steady.

“We have not received many inquiries from customers. The market is more concerned with the economic outlook due to the uncertain impact from the Covid-19 outbreak,” a trader said.

Country
Indonesia