Major local maker continues lifting PP, PE offers in Indonesia
Major local maker continues lifting PP, PE offers in Indonesia
A major domestic producer in Indonesia has opened a fresh PP and PE price list on the first trading day of the week with additional increases, citing the strong upstream crude oil and feedstocks costs.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of21 Feb. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,810,000 |
$1,518 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
mPE |
IDR 23,820,000 |
$1,658 |
+IDR 280,000 |
+$19 |
FD Jabodetabek |
|
LL inj |
IDR 22,740,000 |
$1,583 |
+IDR 280,000 |
+$19 |
FD Jabodetabek |
|
HD film |
IDR 20,950,000 |
$1,459 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD yarn |
IDR 20,950,000 |
$1,459 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD blow |
IDR 21,360,000 |
$1,487 |
+IDR 340,000 |
+$24 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 25,270,000 |
$1,759 |
+IDR 440,000 |
+$31 |
FD Jabodetabek |
|
PPH yarn |
IDR 24,760,000 |
$1,724 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
PPH inj |
IDR 24,760,000 |
$1,724 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
PP thin wall |
IDR 25,550,000 |
$1,779 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
BOPP |
IDR 25,050,000 |
$1,744 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
PP coating |
IDR 25,270,000 |
$1,759 |
+IDR 440,000 |
+$31 |
FD Jabodetabek |
|
PP thermo |
IDR 25,120,000 |
$1,749 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
PPRC |
IDR 27,060,000 |
$1,884 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
PPBC |
IDR 25,500,000 |
$1,775 |
+IDR 430,000 |
+$30 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,364 |
|||||
The new price list prompted traders to maintain a firmer stance on both PP and PE offers in the distribution market, shrugging off the persistently weak demand condition.
“The new price list pushes buyers to the import market for more competitive cargoes, especially for PP. At this pace, local cargoes would lose market share substantially ahead of the Ramadan preparation season,” a trader added.