Indonesian producer slashed local PP, PE offers as weak demand persists
According to market participants, the latest price adjustments, while reflecting the market movement, appear unattractive to many converters.
Amid the strengthening Rupiah against the US dollar, weakening import market, and a persistently sluggish demand condition, a key local producer in Indonesia decided to slash spot PP and PE offers further.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 11 Nov. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,380,000 |
$1,172 |
-IDR 320,000 |
-$20 |
FD Jabodetabek |
|
mPE |
IDR 20,030,000 |
$1,278 |
-IDR 350,000 |
-$22 |
FD Jabodetabek |
|
LL inj |
IDR 18,970,000 |
$1,210 |
-IDR 330,000 |
-$21 |
FD Jabodetabek |
|
HD film |
IDR 19,110,000 |
$1,219 |
-IDR 330,000 |
-$21 |
FD Jabodetabek |
|
HD yarn |
IDR 19,110,000 |
$1,219 |
-IDR 330,000 |
-$21 |
FD Jabodetabek |
|
HD blow |
IDR 19,440,000 |
$1,240 |
-IDR 340,000 |
-$22 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,330,000 |
$1,105 |
-IDR 300,000 |
-$19 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,870,000 |
$1,076 |
-IDR 290,000 |
-$18 |
FD Jabodetabek |
|
PPH inj |
IDR 16,870,000 |
$1,076 |
-IDR 290,000 |
-$18 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,400,000 |
$1,110 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
BOPP |
IDR 17,110,000 |
$1,091 |
-IDR 290,000 |
-$18 |
FD Jabodetabek |
|
PP coating |
IDR 17,110,000 |
$1,091 |
-IDR 290,000 |
-$18 |
FD Jabodetabek |
|
PP thermo |
IDR 17,030,000 |
$1,086 |
-IDR 290,000 |
-$18 |
FD Jabodetabek |
|
PPRC |
IDR 18,880,000 |
$1,204 |
-IDR 330,000 |
-$21 |
FD Jabodetabek |
|
PPBC |
IDR 18,800,000 |
$1,199 |
-IDR 330,000 |
-$21 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,678 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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According to market participants, the latest price adjustments, while reflecting the market movement, appear unattractive to many converters. A large part of this segment of customers prefers to maximize the contract quantity before switching to spot parcels. Besides, the distribution market also offers better prices.
“The reductions are inevitable because there are simply not enough active buyers in the market. The trading sentiment is rather sluggish,” a market source commented.