Local producer suspends PE offerings while lifting PP in Indonesia
Local producer suspends PE offerings while lifting PP in Indonesia
A key Indonesian producer has announced a fresh weekly price list with minor increases on PP cargoes while continuing to skip PE offering, a move the market deems to tighten spot availability that would push prices higher in the near term.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of7 Mar. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
- |
- |
- |
- |
FD Jabodetabek |
|
mPE |
- |
- |
- |
- |
FD Jabodetabek |
|
LL inj |
- |
- |
- |
- |
FD Jabodetabek |
|
HD film |
- |
- |
- |
- |
FD Jabodetabek |
|
HD yarn |
- |
- |
- |
- |
FD Jabodetabek |
|
HD blow |
- |
- |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 26,450,000 |
$1,840 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPH yarn |
IDR 26,090,000 |
$1,815 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPH inj |
IDR 26,090,000 |
$1,815 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PP thin wall |
IDR 26,880,000 |
$1,870 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
BOPP |
IDR 26,370,000 |
$1,834 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PP coating |
IDR 26,370,000 |
$1,834 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PP thermo |
IDR 26,590,000 |
$1,850 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPRC |
IDR 27,950,000 |
$1,944 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPBC |
IDR 26,390,000 |
$1,836 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,376 |
|||||
Since last Friday, the producer has stopped all offers for PE. Besides, it is reported that the maker also cuts contract allocation by 10% for PE and between 10-20% for PP starting this week.
“Contract prices could be too low to cover the recent rising upstream costs. Buyers might turn to the distribution market to cover the shortfall, but we do not expect any major changes in terms of demand ahead,” a trader commented.
Indonesian customers have been shy from off-taking import PE cargoes over the past couple of weeks citing the availability of competitive local cargoes. With the producers suspended local offers, players are watching out for the return of Indonesian customers to the import ground.