Key Indonesian domestic producer announce their weekly price list
In Indonesia, a noteworthy development has unfolded as a local producer strategically lifted spot PP offers in their latest weekly price announcement to reflect the rebounding trend recorded across the regional market.
In Indonesia, a noteworthy development has unfolded as a local producer strategically lifted spot PP offers in their latest weekly price announcement to reflect the rebounding trend recorded across the regional market. However, the maker opted to roll over PE prices from the previous week – a calculated move in response to the demand conditions.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List |
USD Equivalent |
Changes |
USD Equivalent |
Term |
|
Combined and Reported by CommoPlast |
|||||
|
LL film |
IDR 18,380,000 |
$1,184 |
- |
- |
FD Jabodetabek |
|
mPE C6 |
IDR 20,030,000 |
$1,290 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,970,000 |
$1,222 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 19,110,000 |
$1,231 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 19,110,000 |
$1,231 |
- |
- |
FD Jabodetabek |
|
HD Blow |
IDR 19,440,000 |
$1,252 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,020,000 |
$1,096 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 16,940,000 |
$1,091 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
PPH inj |
IDR 16,940,000 |
$1,091 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
PPH thinwall |
IDR 17,470,000 |
$1,125 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
BOPP |
IDR 17,110,000 |
$1,102 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 17,110,000 |
$1,102 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 17,420,000 |
$1,122 |
+IDR 330,000 |
+$21 |
FD Jabodetabek |
|
PPRC |
IDR 18,750,000 |
$1,208 |
+IDR 180,000 |
+$12 |
FD Jabodetabek |
|
PPBC |
IDR 18,490,000 |
$1,191 |
- |
- |
FD Jabodetabek |
|
Exchange rate: USD 1 = IDR 15,523 |
|
|
|
||
|
Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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The increases on PP offers were very much anticipated by market participants considering the robust sales results recorded in this market over the past two weeks. Among the grades, PP thermoforming has been lifted twice since mid of last week, totalling a gain of IDR 640,000/ton on the back of tighter availability.
“For PP thermoforming, the prices were also driven by the technical issue at a local plant, leading to a 10% reduction in contractual quantity for December. Besides, demand for beverage cups is recovering, pushing customers to the spot market for replenishment,” a converter reported.
On the other hand, Indonesian customers are surprised to see new PE offers from the maker unchanged since mid-November 2023. This is especially true when local traders have been steadily lifting prices throughout the past couple of weeks.