Local PP, LLDPE market in Indonesia rebounded while HDPE galloped lower
Local PP, LLDPE market in Indonesia rebounded while HDPE galloped lower
A major domestic producer in Indonesia opened a fresh weekly price list over the weekend with increases on all PP and LLDPE grades while HDPE extended the softening trend.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of26 Nov. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,430,000 |
$1,112 |
+IDR 130,000 |
+$8 |
FD Jabodetabek |
|
mPE |
IDR 19,400,000 |
$1,238 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
LL inj |
IDR 17,980,000 |
$1,147 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
HD film |
IDR 18,540,000 |
$1,183 |
-IDR 240,000 |
-$15 |
FD Jabodetabek |
|
HD yarn |
IDR 18,540,000 |
$1,183 |
-IDR 240,000 |
-$15 |
FD Jabodetabek |
|
HD blow |
IDR 19,320,000 |
$1,233 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,200,000 |
$1,097 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,720,000 |
$1,067 |
+IDR 290,000 |
+$19 |
FD Jabodetabek |
|
PPH inj |
IDR 16,720,000 |
$1,067 |
+IDR 290,000 |
+$19 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,510,000 |
$1,117 |
+IDR 290,000 |
+$19 |
FD Jabodetabek |
|
BOPP |
IDR 17,040,000 |
$1,087 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PP coating |
IDR 17,040,000 |
$1,087 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
PP thermo |
IDR 17,270,000 |
$1,102 |
+IDR 290,000 |
+$19 |
FD Jabodetabek |
|
PPRC |
IDR 19,560,000 |
$1,248 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 17,670,000 |
$1,127 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,675 |
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As reported earlier, Indonesian customers have been resisting the high HDPE prices for weeks citing the large premium over LLDPE film and the sluggish end-product businesses. In the distribution market, traders are racing to lower HDPE offers to attract deals. Some forward-selling parcels for January arrival are even offered at more than IDR 1,000,000/ton lower than the producer’s price list.
Transactions in the domestic spot market are thin. The sharp plunge in crude oil prices further encourages the already cautious buyers to withdraw further to the sidelines.