Indonesian producer keeps local PP, PE market on the stable to firmer track
Indonesian producer keeps local PP, PE market on the stable to firmer track
A major local producer in Indonesia has opened fresh PP and PE offers over the weekend with additional increases on most PP and PE grades as a result of the depreciation of the Rupiah against the US dollar.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of18 Jun. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,810,000 |
$1,472 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 23,710,000 |
$1,600 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 22,540,000 |
$1,521 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 21,550,000 |
$1,454 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
HD yarn |
IDR 21,860,000 |
$1,475 |
+IDR 320,000 |
+$22 |
FD Jabodetabek |
|
HD blow |
IDR 21,780,000 |
$1,470 |
+IDR 260,000 |
+$18 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,540,000 |
$1,521 |
+IDR 440,000 |
+$30 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,290,000 |
$1,437 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PPH inj |
IDR 21,290,000 |
$1,437 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,540,000 |
$1,521 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 22,030,000 |
$1,487 |
+IDR 440,000 |
+$30 |
FD Jabodetabek |
|
PP coating |
IDR 22,030,000 |
$1,487 |
+IDR 440,000 |
+$30 |
FD Jabodetabek |
|
PP thermo |
IDR 21,660,000 |
$1,462 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PPRC |
IDR 23,210,000 |
$1,566 |
+IDR 820,000 |
+$55 |
FD Jabodetabek |
|
PPBC |
IDR 22,300,000 |
$1,505 |
+IDR 180,000 |
+$12 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,818 |
|||||
The list price full reflected the uneven demand condition for each grade. In fact, throughout the week, Indonesian sellers have been complaining about the sluggish buying interest for LLDPE film, partly due to the weak end-product businesses, and also the large price gap this grade carries over HDPE film.
“We expect the market to be even quieter once buyers return next week. Manufacturers of all scale have made comfortable replenishment, and naturally, would skip higher priced cargoes,” a trader said.
As reported earlier, many converters in the agricultural film sector are currently facing delays in receiving new PO for end-products amid the unfavourable weather condition. These buyers are in full mood of wait-and-see.