Local PP, PE market in Indonesia remains on a downtrend; steep plunges seen in HDPE sector
Local PP, PE market in Indonesia remains on a downtrend; steep plunges seen in HDPE sector
Indonesian buyers reported having received fresh PP and PE offers from a key local producer with additional decreases from the previous week as a result of intense competition from the import ground.
While the reductions in the spot homo-PP cargoes are deemed timid to attract buying interest, players are stunned by the drastic downward adjustments on HDPE.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of23 May. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 22,710,000 |
$1,548 |
-IDR 450,000 |
-$31 |
FD Jabodetabek |
|
mPE |
IDR 24,480,000 |
$1,669 |
-IDR 1,380,000 |
-$94 |
FD Jabodetabek |
|
LL inj |
IDR 23,450,000 |
$1,599 |
-IDR 440,000 |
-$30 |
FD Jabodetabek |
|
HD film |
IDR 21,670,000 |
$1,477 |
-IDR 1,340,000 |
-$91 |
FD Jabodetabek |
|
HD yarn |
IDR 21,980,000 |
$1,499 |
-IDR 1,320,000 |
-$90 |
FD Jabodetabek |
|
HD blow |
IDR 21,830,000 |
$1,488 |
-IDR 1,490,000 |
-$102 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,850,000 |
$1,558 |
-IDR 240,000 |
-$16 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,900,000 |
$1,493 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PPH inj |
IDR 21,900,000 |
$1,493 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PP thin wall |
IDR 23,010,000 |
$1,569 |
-IDR 220,000 |
-$15 |
FD Jabodetabek |
|
BOPP |
IDR 22,350,000 |
$1,524 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PP coating |
IDR 22,350,000 |
$1,524 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PP thermo |
IDR 22,420,000 |
$1,528 |
-IDR 240,000 |
-$16 |
FD Jabodetabek |
|
PPRC |
IDR 23,310,000 |
$1,589 |
-IDR 70,000 |
-$5 |
FD Jabodetabek |
|
PPBC |
IDR 22,720,000 |
$1,549 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,668 |
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“The sharp price cuts on HDPE just highlighted how bad is the demand for this grade. In the distribution market, some traders have already lowered HDPE film offers to IDR20,750,000/ton excluding VAT. Still, customers show no interest in proceeding with new purchases,” a trader added.
Indonesian manufacturers in the PE packaging sector have been suffering from weak end-product businesses for months now. “The post-Ramadan period is traditionally off-peak demand season. We might not see any improvement in the next several weeks,” said, an HDPE bag converter.