Local Indonesian PP market gallops lower amid weak demand, appealing imports
A major Indonesian producer has unveiled their weekly pricing structure, affirming their dedication to maintaining price stability for polyethylene (PE) products in a recent update.
A major Indonesian producer has unveiled their weekly pricing structure, affirming their dedication to maintaining price stability for polyethylene (PE) products in a recent update. Simultaneously, the maker strategically down-adjusted spot PP prices in response to a notable decline in the polypropylene (PP) import market.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 18 Nov. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,380,000 |
$1,191 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 20,030,000 |
$1,298 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,970,000 |
$1,230 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 19,110,000 |
$1,239 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 19,110,000 |
$1,239 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 19,440,000 |
$1,260 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,010,000 |
$1,102 |
-IDR 320,000 |
-$21 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,480,000 |
$1,068 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
PPH inj |
IDR 16,480,000 |
$1,068 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,010,000 |
$1,102 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
BOPP |
IDR 16,790,000 |
$1,088 |
-IDR 320,000 |
-$21 |
FD Jabodetabek |
|
PP coating |
IDR 16,790,000 |
$1,088 |
-IDR 320,000 |
-$21 |
FD Jabodetabek |
|
PP thermo |
IDR 16,640,000 |
$1,078 |
-IDR 390,000 |
-$25 |
FD Jabodetabek |
|
PPRC |
IDR 18,570,000 |
$1,204 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
PPBC |
IDR 18,490,000 |
$1,198 |
-IDR 310,000 |
-$20 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,429 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
In the Indonesian PE spot market, traders express growing concerns over heightened competition, facing difficulties in selling amidst the arrival of imported cargoes offering prices below the producers' list by approximately IDR 2,000,000/ton. Despite its primary use in mixing, price-sensitive buyers are increasingly drawn to these alternatives. Earlier reports reveal a substantial portion of PE converters operating at reduced capacities, ranging from 50% to 70%, attributed to weakened demand for end products in November.
Meanwhile, in the PP market, competition is intensifying, particularly for yarn and injection grades. “On a positive note, film grade still holds opportunities as buyers are anticipated to resume purchases, driven by a reduction in their existing stock,” a trader added.