Local producer revises PP, PE upward in Indonesia on reduced inventory pressure
As the rollover introduced earlier this week was deemed overly conservative considering the bullish market development, a major Indonesian producer decided to revise spot PP and PE offers upward
As the rollover introduced earlier this week was deemed overly conservative considering the bullish market development, a major Indonesian producer decided to revise spot PP and PE offers upward to reflect the now substantially reduced inventory pressure.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 05 Jul. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 16,700,000 |
$1,113 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
mPE |
IDR 18,430,000 |
$1,228 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
LL inj |
IDR 17,300,000 |
$1,153 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
HD film |
IDR 17,110,000 |
$1,140 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,110,000 |
$1,140 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 17,340,000 |
$1,156 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,800,000 |
$1,053 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
PPH yarn |
IDR 14,750,000 |
$983 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPH inj |
IDR 14,750,000 |
$983 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP thin wall |
IDR 15,280,000 |
$1,018 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
BOPP |
IDR 15,350,000 |
$1,023 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 15,350,000 |
$1,023 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 15,050,000 |
$1,003 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPRC |
IDR 16,860,000 |
$1,124 |
+IDR 160,000 |
+$11 |
FD Jabodetabek |
|
PPBC |
IDR 16,000,000 |
$1,066 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,006 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
The strong pre-holiday replenishment activities observed in Indonesia over the past couple of weeks curtailed spot availability sharply for grades such as LLDPE, HDPE film and PPH film in the domestic market. It only makes sense for sellers here to take advantage of this rare opportunity. In fact, local traders have been actively lifting offers since the beginning of the week.
“The producer is a latecomer. At this time, the distribution market started seeing resistance from buyers. The upward momentum might be losing steam,” a seller commented claiming low confidence in securing deals as customers have already completed their restocking in the previous week.
In the meantime, buyers are watching out for new PP and PE offers from a key Malaysian producer to gauge the potential market direction before making decisions on new purchases.