Indonesian producer implements excessive reduction on PP cargoes
Indonesian producer implements excessive reduction on PP cargoes
Indonesian customers are stirred by the latest price list from a key local producer that showed steep reductions on PP cargoes from the previous week, just a week after the producer stepped back on the 2Q contract prices.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of11 Apr. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 24,540,000 |
$1,708 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
mPE |
IDR 26,080,000 |
$1,816 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
LL inj |
IDR 25,260,000 |
$1,759 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
HD film |
IDR 23,670,000 |
$1,648 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
HD yarn |
IDR 24,100,000 |
$1,678 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 24,100,000 |
$1,678 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 24,250,000 |
$1,688 |
-IDR 1,690,000 |
-$118 |
FD Jabodetabek |
|
PPH yarn |
IDR 23,450,000 |
$1,633 |
-IDR 1,440,000 |
-$100 |
FD Jabodetabek |
|
PPH inj |
IDR 23,450,000 |
$1,633 |
-IDR 1,440,000 |
-$100 |
FD Jabodetabek |
|
PP thin wall |
IDR 24,390,000 |
$1,698 |
-IDR 860,000 |
-$60 |
FD Jabodetabek |
|
BOPP |
IDR 23,740,000 |
$1,653 |
-IDR 1,440,000 |
-$100 |
FD Jabodetabek |
|
PP coating |
IDR 23,740,000 |
$1,653 |
-IDR 1,440,000 |
-$100 |
FD Jabodetabek |
|
PP thermo |
IDR 23,820,000 |
$1,658 |
-IDR 2,440,000 |
-$170 |
FD Jabodetabek |
|
PPRC |
IDR 24,830,000 |
$1,729 |
-IDR 2,010,000 |
-$140 |
FD Jabodetabek |
|
PPBC |
IDR 24,540,000 |
$1,708 |
-IDR 1,500,000 |
-$104 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,364 |
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Distributors and traders are facing potential margins erosion as their replenishments are based on contract prices, which increased by $105/ton for homo-PP yarn and injection and $60/ton for HDPE and LLDPE film, while the spot market is falling rapidly.
“The market is very quiet. Contract customers are now wide-eyed over the reductions in the spot market. Anyway, the holiday mood has started and the trading sentiment is expected to remain soft in the coming week,” a trader added.