CommoPlast Article

A major local producer in Indonesia has opened fresh weekly PP and PE offers with reductions for both PP and PE cargoes after a brief stabilization in the previous week on the back of the persistently weak demand condition.

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

Material	Price List as of 7 Jun. 21	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 18,230,000	$1,278	-IDR 280,000	-$20	FD Jabodetabek
mPE	IDR 22,450,000	$1,574	-IDR 1,150,000	-$81	FD Jabodetabek
LL inj	IDR 18,970,000	$1,330	-IDR 290,000	-$20	FD Jabodetabek
HD film	IDR 18,800,000	$1,318	-	-	FD Jabodetabek
HD yarn	IDR 18,800,000	$1,318	-	-	FD Jabodetabek
HD blow	IDR 19,090,000	$1,338	-IDR 580,000	-$41	FD Jabodetabek
IPP (PP Film)	IDR 21,960,000	$1,539	-	-	FD Jabodetabek
PPH yarn	IDR 21,090,000	$1,478	-IDR 430,000	-$30	FD Jabodetabek
PPH inj	IDR 21,090,000	$1,478	-IDR 430,000	-$30	FD Jabodetabek
BOPP	IDR 22,010,000	$1,543	-	-	FD Jabodetabek
PP coating	IDR 22,010,000	$1,543	-	-	FD Jabodetabek
PP thermo	IDR 21,240,000	$1,489	-IDR 430,000	-$30	FD Jabodetabek
PPRC	IDR 23,280,000	$1,632	-IDR 430,000	-$30	FD Jabodetabek
PPBC	IDR 22,730,000	$1,593	-IDR 150,000	-$11	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,293

Eight cities in central Java have been placed under strict lockdown to break the infection chain, which also reduced the need among manufacturers to make replenishment. “Besides, distributors are giving prices at much lower levels than the producer, therefore, customers are not showing much interest in the latest price list,” a market source added.

Domestic PP, PE market in Indonesia resumes the weakening trend