CommoPlast Article

Indonesian customers reported having received a fresh price list from a major local producer with a $20/ton hike on LLDPE cargoes compared to last week, which comes as a surprise considering the steep price reduction recorded in the distribution market.

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

Material	Price List as of 16 Aug. 21	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 18,910,000	$1,317	+IDR 290,000	+$20	FD Jabodetabek
mPE	IDR 19,920,000	$1,387	-	-	FD Jabodetabek
LL inj	IDR 19,930,000	$1,388	+IDR 290,000	+$20	FD Jabodetabek
HD film	IDR 17,750,000	$1,236	-	-	FD Jabodetabek
HD yarn	IDR 17,750,000	$1,236	-	-	FD Jabodetabek
HD blow	IDR 17,890,000	$1,246	-	-	FD Jabodetabek
IPP (PP Film)	IDR 20,700,000	$1,442	-	-	FD Jabodetabek
PPH yarn	IDR 19,970,000	$1,391	-	-	FD Jabodetabek
PPH inj	IDR 19,970,000	$1,391	-	-	FD Jabodetabek
BOPP	IDR 20,550,000	$1,431	-	-	FD Jabodetabek
PP coating	IDR 20,550,000	$1,431	-	-	FD Jabodetabek
PP thermo	IDR 20,110,000	$1,401	-	-	FD Jabodetabek
PPRC	IDR 22,010,000	$1,533	-	-	FD Jabodetabek
PPBC	IDR 21,090,000	$1,469	-	-	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,359

Market players said that the increases do not reflect the real demand condition in the local ground claiming that sentiment here remains sluggish even though the government started to ease the lockdown measures.

“Buyers would not accept the increases because, in the distribution market, traders continue to cut prices. The market is weak. It might take a couple more months for demand to show visible improvement,” a market source said.

Local producer lifts LLDPE offers in Indonesia, maintain other grades unchanged