CommoPlast | Article - Key Indonesian producer slashes local PP, PE offers to keep up with imports

A major local producer in Indonesia has opened a fresh PP and PE price list after the long weekend holiday with sharp reductions amid the plunging demand and the constant downtrend in the import ground that draws buyers’ attention.

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

Material	Price List as of 17 May. 22	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 23,160,000	$1,581	-IDR 670,000	-$46	FD Jabodetabek
mPE	IDR 25,860,000	$1,765	-IDR 210,000	-$14	FD Jabodetabek
LL inj	IDR 23,890,000	$1,630	-IDR 660,000	-$45	FD Jabodetabek
HD film	IDR 23,010,000	$1,570	-IDR 680,000	-$46	FD Jabodetabek
HD yarn	IDR 23,300,000	$1,590	-IDR 670,000	-$46	FD Jabodetabek
HD blow	IDR 23,320,000	$1,591	-IDR 800,000	-$55	FD Jabodetabek
IPP (PP Film)	IDR 23,090,000	$1,576	-IDR 450,000	-$31	FD Jabodetabek
PPH yarn	IDR 22,130,000	$1,510	-IDR 620,000	-$42	FD Jabodetabek
PPH inj	IDR 22,130,000	$1,510	-IDR 620,000	-$42	FD Jabodetabek
PP thin wall	IDR 23,230,000	$1,585	-IDR 460,000	-$31	FD Jabodetabek
BOPP	IDR 22,580,000	$1,541	-IDR 460,000	-$31	FD Jabodetabek
PP coating	IDR 22,580,000	$1,541	-IDR 460,000	-$31	FD Jabodetabek
PP thermo	IDR 22,660,000	$1,546	-IDR 450,000	-$31	FD Jabodetabek
PPRC	IDR 23,380,000	$1,596	-IDR 1,320,000	-$90	FD Jabodetabek
PPBC	IDR 22,860,000	$1,560	-IDR 1,110,000	-$76	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,653

In spite of the large cuts, Indonesian customers remain uninterested in the price list because of the substantial gap with the import market. Indonesian buyers might continue to flock to the import ground regardless of the absence of the BMDTP scheme unless the producer steps up the effort to retain the competitiveness.

Country

Indonesia