CommoPlast

Local PP, PE offers in Indonesia mixed, thin trading activities

Local PP, PE offers in Indonesia mixed, thin trading activities



A major local producer in Indonesia has opened fresh weekly offers for PP and PE in Indonesia on a mixed note, with PP mostly track slightly firmer levels, indicating a potential stabilizing trend, following 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 31 May. 21

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 18,510,000

$1,295

+IDR 60,000

+$4

FD Jabodetabek

mPE

IDR 23,600,000

$1,651

-IDR 500,000

-$35

FD Jabodetabek

LL inj

IDR 19,260,000

$1,348

+IDR 70,000

+$5

FD Jabodetabek

HD film

IDR 18,800,000

$1,315

-IDR 370,000

-$26

FD Jabodetabek

HD yarn

IDR 18,800,000

$1,315

-IDR 370,000

-$26

FD Jabodetabek

HD blow

IDR 19,670,000

$1,376

-IDR 360,000

-$25

FD Jabodetabek

IPP (PP Film)

IDR 21,960,000

$1,536

+IDR 70,000

+$5

FD Jabodetabek

PPH yarn

IDR 21,520,000

$1,506

+IDR 70,000

+$5

FD Jabodetabek

PPH inj

IDR 21,520,000

$1,506

+IDR 70,000

+$5

FD Jabodetabek

BOPP

IDR 22,010,000

$1,540

+IDR 70,000

+$5

FD Jabodetabek

PP coating

IDR 22,010,000

$1,540

+IDR 70,000

+$5

FD Jabodetabek

PP thermo

IDR 21,670,000

$1,516

+IDR 70,000

+$5

FD Jabodetabek

PPRC

IDR 23,710,000

$1,659

+IDR 80,000

+$6

FD Jabodetabek

PPBC

IDR 22,880,000

$1,601

-IDR 210,000

-$15

FD Jabodetabek

*All prices are excluded of 10% VAT

*Exchange Rate: USD 1 = IDR 14,293

 

Trading activities remain limited during the early trading hours of the week. Buyers are concerned about the COVID-19 conditions in Malaysia and Vietnam, which could put the market under fresh downward pressure. 

 

“In the meantime, local traders continue to offer discounts on deals, undermining the producer’s effort to firm up the prices. At the moment, we do not see any strong support for a rebound,” a market source commented. 


Country
Indonesia