Indonesian producer rollovered PP, PE offers after strong sales results
The latest offers somewhat surprised the market, however, there have been discussions that a weak global economic outlook might have overshadowed sellers’ confidence.
A major domestic producer in Indonesia decided to implement a conservative pricing decision even after strong pre-holiday replenishment activities in the previous week that help suppliers here to deplete a large of their on-hand stocks.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 03 Jul. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 16,400,000 |
$1,090 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 18,130,000 |
$1,205 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 17,000,000 |
$1,130 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,110,000 |
$1,137 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,110,000 |
$1,137 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 17,340,000 |
$1,153 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,500,000 |
$1,030 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 14,600,000 |
$970 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 14,600,000 |
$970 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 15,130,000 |
$1,006 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 15,200,000 |
$1,010 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 15,200,000 |
$1,010 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 14,900,000 |
$990 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 16,700,000 |
$1,110 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 15,850,000 |
$1,054 |
+IDR 200,000 |
+$13 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,044 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
Market participants initially expected small to moderate price increases from the maker considering the substantially reduced inventory pressure. The latest offers somewhat surprised the market, however, there have been discussions that a weak global economic outlook might have overshadowed sellers’ confidence.
“The producer’s list price has been at the upper end of the overall price range for some time, hence, the stabilizing trend. In the distribution market, traders are lifting their offers, but initial responses from buyers are weaker than expected,” said, a market source.
As reported earlier, Indonesian buyers are monitoring the start-up at Malaysia’s PrefChem plant to gauge the supply outlook. More PP and PE cargoes from this origin might emerge in the coming weeks as the producer ramps up the operating rates.