Indonesian major cut PE offers while lifting PP prices after strong sales last week
Indonesian major cut PE offers while lifting PP prices after strong sales last week
A key Indonesian producer has opened a fresh price list to local buyers with moderate increases on PP cargoes after last week’s steep reductions that help the maker, and other local sellers to deplete the on-hand stocks. Meanwhile, PE prices extended the weakening trend, underlining the still dwindling demand condition.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 19 Nov. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,300,000 |
$1,117 |
-IDR 450,000 |
-$29 |
FD Jabodetabek |
|
mPE |
IDR 19,250,000 |
$1,243 |
-IDR 150,000 |
-$10 |
FD Jabodetabek |
|
LL inj |
IDR 17,840,000 |
$1,152 |
-IDR 460,000 |
-$30 |
FD Jabodetabek |
|
HD film |
IDR 18,780,000 |
$1,213 |
-IDR 150,000 |
-$10 |
FD Jabodetabek |
|
HD yarn |
IDR 18,780,000 |
$1,213 |
-IDR 150,000 |
-$10 |
FD Jabodetabek |
|
HD blow |
IDR 19,170,000 |
$1,238 |
-IDR 160,000 |
-$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,060,000 |
$1,102 |
+IDR 340,000 |
+$22 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,430,000 |
$1,061 |
+IDR 340,000 |
+$22 |
FD Jabodetabek |
|
PPH inj |
IDR 16,430,000 |
$1,061 |
+IDR 340,000 |
+$22 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,220,000 |
$1,112 |
+IDR 340,000 |
+$22 |
FD Jabodetabek |
|
BOPP |
IDR 16,900,000 |
$1,092 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
PP coating |
IDR 16,900,000 |
$1,092 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
PP thermo |
IDR 16,980,000 |
$1,097 |
+IDR 340,000 |
+$22 |
FD Jabodetabek |
|
PPRC |
IDR 19,410,000 |
$1,254 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
PPBC |
IDR 17,530,000 |
$1,132 |
-IDR 460,000 |
-$30 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,483 |
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The Indonesian Rupiah depreciated further this week, still, the sluggish demand condition prevents the producer from transferring the higher production costs to selling prices.
“Offers for PE are still way above end-product selling prices, hence, buyers will continue to wait for additional discounts before making replenishment. We shall expect softer trading sentiment this week,” added, a market source.