CommoPlast | Article - Local PP, PE market in Indonesia stabilizes amid rapid deteriorating demand

A key local producer in Indonesia decided to rollover spot PP and PE offer after the long weekend holiday after months of constant price hikes, indicating that possibility that the uptrend might be nearing the peak.

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

Material	Price List as of1 Mar. 22	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 22,380,000	$1,557	-	-	FD Jabodetabek
mPE	IDR 24,400,000	$1,698	-	-	FD Jabodetabek
LL inj	IDR 23,320,000	$1,623	-	-	FD Jabodetabek
HD film	IDR 21,520,000	$1,497	-	-	FD Jabodetabek
HD yarn	IDR 21,520,000	$1,497	-	-	FD Jabodetabek
HD blow	IDR 21,940,000	$1,527	-	-	FD Jabodetabek
IPP (PP Film)	IDR 26,130,000	$1,818	-	-	FD Jabodetabek
PPH yarn	IDR 25,620,000	$1,783	-	-	FD Jabodetabek
PPH inj	IDR 25,620,000	$1,783	-	-	FD Jabodetabek
PP thin wall	IDR 26,420,000	$1,838	-	-	FD Jabodetabek
BOPP	IDR 25,910,000	$1,803	-	-	FD Jabodetabek
PP coating	IDR 26,130,000	$1,818	-	-	FD Jabodetabek
PP thermo	IDR 25,980,000	$1,808	-	-	FD Jabodetabek
PPRC	IDR 27,920,000	$1,943	-	-	FD Jabodetabek
PPBC	IDR 26,360,000	$1,834	-	-	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,371

Market sources said that trading activities in the local ground come to a standstill following the weekend holiday as buyers hold positions to further assess the impact of the Russian-Ukraine conflicts.

“Buyers have not been able to accept the producer’s price list for several weeks now. Couple with the arrival of import cargoes and the consistent presence of Chinese materials, there is no support for further increases on PP,” a trader said.

Country

Indonesia