Domestic producer continues lifting PP and PE offers in Indonesia

insight 23 Nov 2020

Domestic producer continues lifting PP and PE offers in Indonesia

After a brief reduction in the previous week, a major local producer in Indonesia has revived the uptrend for both PP and PE on the first trading day of the week with support from the international market.

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

Material	Price List as of 23 Nov. 2020	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 15,350,000	$1,081	+IDR 200,000	+$14	FD Jabodetabek
mPE	IDR 17,640,000	$1,242	+IDR 240,000	+$17	FD Jabodetabek
LL inj	IDR 16,600,000	$1,169	+IDR 220,000	+$15	FD Jabodetabek
HD film	IDR 15,810,000	$1,113	+IDR 210,000	+$15	FD Jabodetabek
HD yarn	IDR 15,810,000	$1,113	+IDR 210,000	+$15	FD Jabodetabek
HD blow	IDR 15,710,000	$1,106	+IDR 220,000	+$15	FD Jabodetabek
IPP (PP Film)	IDR 19,610,000	$1,380	+IDR 400,000	+$28	FD Jabodetabek
PPH yarn	IDR 19,250,000	$1,355	+IDR 680,000	+$48	FD Jabodetabek
PPH inj	IDR 19,250,000	$1,355	+IDR 680,000	+$48	FD Jabodetabek
BOPP	IDR 19,180,000	$1,350	+IDR 460,000	+$32	FD Jabodetabek
PP coating	IDR 19,180,000	$1,350	+IDR 460,000	+$32	FD Jabodetabek
PP thermo	IDR 19,690,000	$1,386	+IDR 690,000	+$49	FD Jabodetabek
PPRC	IDR 21,420,000	$1,508	+IDR 720,000	+$51	FD Jabodetabek
PPBC	IDR 19,320,000	$1,360	+IDR 830,000	+$58	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,206

Sources said that the fresh increases partially due to the fact that buyers returned to make replenishment, especially for PE cargoes, in the previous week following the discounts given. “The sudden hike in ethylene costs has also elevated the sentiment. We are monitoring the response from customers,” a trader said.

Meanwhile, buyers are becoming more reluctant to accept the latest hike in PP offers, which could indicate another week of sluggish sentiment in Indonesia.

Country
Indonesia