Domestic PP, PE offers tracks stable to firmer trend in Indonesia
Domestic PP, PE offers tracks stable to firmer trend in Indonesia
Over the weekend, a key local producer announced new PP and PE offers in Indonesia largely at unchanged levels compared to the week before, except for a couple of HDPE and PP block copolymer grades that hiked up slightly.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 11 Jun. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,810,000 |
$1,496 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 23,710,000 |
$1,626 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 22,540,000 |
$1,546 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 21,250,000 |
$1,457 |
+IDR 170,000 |
+$12 |
FD Jabodetabek |
|
HD yarn |
IDR 21,540,000 |
$1,477 |
+IDR 170,000 |
+$12 |
FD Jabodetabek |
|
HD blow |
IDR 21,520,000 |
$1,476 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,100,000 |
$1,516 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 21,150,000 |
$1,450 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 21,150,000 |
$1,450 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 22,540,000 |
$1,546 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 21,590,000 |
$1,481 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 21,590,000 |
$1,481 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 21,520,000 |
$1,476 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 22,390,000 |
$1,535 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 22,120,000 |
$1,517 |
+IDR 310,000 |
+$21 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,582 |
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“The new price list balanced out the depreciation of the Rupiah and the competitive offers in the distribution market. At the moment, aggressive price hikes would only push buyers to the sideline,” a market source commented.
Up to late last week, transactions for PP and HDPE in the domestic distribution market remained satisfactory, though most buyers are small-scale manufacturers. Larger scale buyers have completed replenishment, which could limit the extent of any potential drastic increases ahead.