Key Indonesian producer slashed spot PP, PE prices further after FM
Key Indonesian producer slashed spot PP, PE prices further after FM
For the second week in a row, a major Indonesian producer stepped back on spot PP and PE prices despite having declared force majeure at the upstream cracker unit due to an unexpected mechanical issue.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 05 Nov. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,980,000 |
$1,145 |
-IDR 440,000 |
-$28 |
FD Jabodetabek |
|
mPE |
IDR 19,470,000 |
$1,240 |
+IDR 660,000 |
+$42 |
FD Jabodetabek |
|
LL inj |
IDR 18,530,000 |
$1,180 |
-IDR 440,000 |
-$28 |
FD Jabodetabek |
|
HD film |
IDR 19,240,000 |
$1,225 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
HD yarn |
IDR 19,240,000 |
$1,225 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
HD blow |
IDR 19,240,000 |
$1,225 |
-IDR 440,000 |
-$28 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,120,000 |
$1,090 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,490,000 |
$1,050 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PPH inj |
IDR 16,490,000 |
$1,050 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,280,000 |
$1,100 |
-IDR 1,060,000 |
-$67 |
FD Jabodetabek |
|
BOPP |
IDR 16,960,000 |
$1,080 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PP coating |
IDR 16,960,000 |
$1,080 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PP thermo |
IDR 17,040,000 |
$1,085 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PPRC |
IDR 19,630,000 |
$1,250 |
-IDR 1,070,000 |
-$68 |
FD Jabodetabek |
|
PPBC |
IDR 17,900,000 |
$1,140 |
-IDR 760,000 |
-$48 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,704 |
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Market sources said that weak demand and the constantly falling import market overshadowed the tightening local supply outlook. As reported late last week that deals for non-dutiable Vietnamese homo-PP were reached at $950/ton CIF Indonesia – much more competitive than local materials despite the exchange rates.
“Without the downward adjustment, buyers would flock to the import market. The development is very much expected because the demand is not strong enough to support a rebound,” a trader added.