Domestic PP, PE offers in Indonesia continued to gallop lower
Domestic PP, PE offers in Indonesia continued to gallop lower
A major local producer in Indonesia opened a fresh weekly PP and PE price list with additional decreases over the weekend, marking the third consecutive week of downward adjustment despite the recent production issues.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of12 Nov. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,750,000 |
$1,146 |
-IDR 230,000 |
-$15 |
FD Jabodetabek |
|
mPE |
IDR 19,400,000 |
$1,253 |
-IDR 70,000 |
-$5 |
FD Jabodetabek |
|
LL inj |
IDR 18,300,000 |
$1,182 |
-IDR 230,000 |
-$15 |
FD Jabodetabek |
|
HD film |
IDR 18,930,000 |
$1,223 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
HD yarn |
IDR 18,930,000 |
$1,223 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
HD blow |
IDR 19,330,000 |
$1,248 |
+IDR 90,000 |
+$6 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 16,720,000 |
$1,080 |
-IDR 400,000 |
-$26 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,090,000 |
$1,039 |
-IDR 400,000 |
-$26 |
FD Jabodetabek |
|
PPH inj |
IDR 16,090,000 |
$1,039 |
-IDR 400,000 |
-$26 |
FD Jabodetabek |
|
PP thin wall |
IDR 16,880,000 |
$1,090 |
-IDR 400,000 |
-$26 |
FD Jabodetabek |
|
BOPP |
IDR 16,570,000 |
$1,070 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
PP coating |
IDR 16,570,000 |
$1,070 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
PP thermo |
IDR 16,640,000 |
$1,075 |
-IDR 400,000 |
-$26 |
FD Jabodetabek |
|
PPRC |
IDR 19,720,000 |
$1,274 |
+IDR 90,000 |
+$6 |
FD Jabodetabek |
|
PPBC |
IDR 17,990,000 |
$1,162 |
+IDR 90,000 |
+$6 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,483 |
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There have been market talks that transactions in the domestic spot markets are so weak, the producer has extra allocations to fulfil a larger part of contract obligations compared to the past couple of weeks.
CommoPlast reported earlier that due to the force majeure, the producer was only able to meet 50% of the contractual quantity for PP. The number has now increased to 90%, according to several domestic customers.
“The local PP and PE market is moving in the opposite direction with the import ground. At this pace, we might see customers returning to source materials locally now that the US dollar-dominated cargoes are no longer attractive,” said, a local trader.