Local Indonesian producer cut PP, and PE offers for the first time in three weeks
Local Indonesian producer cut PP, and PE offers for the first time in three weeks
Following three consecutive weeks of setting spot prices on the stable to firmer track, a major local producer in Indonesia has slashed PP and PE prices despite the continued weakening Rupiah. The price decision demonstrates the downward pressure from the sluggish demand condition and the constantly falling import market.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of2 Jul. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,340,000 |
$1,426 |
-IDR 720,000 |
-$48 |
FD Jabodetabek |
|
mPE |
IDR 23,500,000 |
$1,571 |
+IDR 240,000 |
+$16 |
FD Jabodetabek |
|
LL inj |
IDR 22,230,000 |
$1,486 |
-IDR 590,000 |
-$39 |
FD Jabodetabek |
|
HD film |
IDR 21,630,000 |
$1,446 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
HD yarn |
IDR 22,080,000 |
$1,476 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
HD blow |
IDR 21,780,000 |
$1,456 |
-IDR 280,000 |
-$19 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,930,000 |
$1,466 |
-IDR 880,000 |
-$59 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,740,000 |
$1,386 |
-IDR 800,000 |
-$53 |
FD Jabodetabek |
|
PPH inj |
IDR 20,740,000 |
$1,386 |
-IDR 800,000 |
-$53 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,110,000 |
$1,478 |
-IDR 430,000 |
-$29 |
FD Jabodetabek |
|
BOPP |
IDR 21,410,000 |
$1,431 |
-IDR 870,000 |
-$58 |
FD Jabodetabek |
|
PP coating |
IDR 21,410,000 |
$1,431 |
-IDR 870,000 |
-$58 |
FD Jabodetabek |
|
PP thermo |
IDR 21,340,000 |
$1,426 |
-IDR 580,000 |
-$39 |
FD Jabodetabek |
|
PPRC |
IDR 22,750,000 |
$1,521 |
-IDR 740,000 |
-$49 |
FD Jabodetabek |
|
PPBC |
IDR 21,630,000 |
$1,446 |
-IDR 1,030,000 |
-$69 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,962 |
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The downward adjustments are very much expected, and at the time of this report, Indonesian customers remain uninterested in making additional purchases, citing the persistently sluggish end product businesses.