Local PP, PE market extended the weakening trend; demand remains subdued
Local PP, PE market extended the weakening trend; demand remains subdued
The Indonesian PP and PE market is deep in a sea of red as a key local producer opens a fresh price list with additional reductions, marking the eighth consecutive week of decline. Yet, purchasing activities remain sluggish as buyers expected sharper price cuts ahead.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of30 May. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 22,390,000 |
$1,541 |
-IDR 320,000 |
-$22 |
FD Jabodetabek |
|
mPE |
IDR 24,450,000 |
$1,683 |
-IDR 30,000 |
-$2 |
FD Jabodetabek |
|
LL inj |
IDR 23,130,000 |
$1,592 |
-IDR 320,000 |
-$22 |
FD Jabodetabek |
|
HD film |
IDR 21,210,000 |
$1,460 |
-IDR 460,000 |
-$32 |
FD Jabodetabek |
|
HD yarn |
IDR 21,510,000 |
$1,481 |
-IDR 470,000 |
-$32 |
FD Jabodetabek |
|
HD blow |
IDR 21,510,000 |
$1,481 |
-IDR 320,000 |
-$22 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,800,000 |
$1,501 |
-IDR 1,050,000 |
-$72 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,850,000 |
$1,435 |
-IDR 1,050,000 |
-$72 |
FD Jabodetabek |
|
PPH inj |
IDR 20,850,000 |
$1,435 |
-IDR 1,050,000 |
-$72 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,250,000 |
$1,532 |
-IDR 760,000 |
-$52 |
FD Jabodetabek |
|
BOPP |
IDR 21,290,000 |
$1,465 |
-IDR 1,060,000 |
-$73 |
FD Jabodetabek |
|
PP coating |
IDR 21,290,000 |
$1,465 |
-IDR 1,060,000 |
-$73 |
FD Jabodetabek |
|
PP thermo |
IDR 21,360,000 |
$1,470 |
-IDR 1,060,000 |
-$73 |
FD Jabodetabek |
|
PPRC |
IDR 22,690,000 |
$1,562 |
-IDR 620,000 |
-$43 |
FD Jabodetabek |
|
PPBC |
IDR 22,100,000 |
$1,521 |
-IDR 620,000 |
-$43 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,528 |
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Indonesian buyers said spot offers in the import and the distribution market are much more competitive than the producer’s latest price list. Substantial discounts must be made available in order to entice demand.
“There is a growing concern over the heightening competition in the HDPE sector after the government cut import tariffs on Chinese materials to zero per cent. Local suppliers must adopt more aggressive pricing strategies to retain customers,” a market source said.