CommoPlast | Article - Domestic producer continues slashing local PP, PE offers in Indonesia

It is reported that a major Indonesian producer has announced fresh price list for PP and PE to local buyers on the first trading day of the week with a rather large reduction for both grades.

The producer’s latest price list and changes are shown in the following table:

Material		Price List as of 3 Dec. 2018	USD Equivalent		W.O.W Changes	USD Equivalent	Term
LL film		IDR 18,560,000	$1,303		-IDR 580,000	-$41	FD Jabodetabek, cash
LL inj		IDR 19,480,000	$1,367		-IDR 580,000	-$41	FD Jabodetabek, cash
HD film		IDR 20,250,000	$1,422		-IDR 1,300,000	-$91	FD Jabodetabek, cash
HD yarn		IDR 20,250,000	$1,422		-IDR 1,300,000	-$91	FD Jabodetabek, cash
HD pipe		-	-		-	-	FD Jabodetabek, cash
IPP (PP Film)		IDR 19,070,000	$1,339		-IDR 870,000	-$61	FD Jabodetabek, cash
PPH yarn		IDR 18,630,000	$1,308		-IDR 1,020,000	-$72	FD Jabodetabek, cash
PPH inj		IDR 18,630,000	$1,308		-IDR 1,020,000	-$72	FD Jabodetabek, cash
BOPP		IDR 18,850,000	$1,323		-IDR 1,020,000	-$72	FD Jabodetabek, cash
PP coating		IDR 18,850,000	$1,323		-IDR 1,020,000	-$72	FD Jabodetabek, cash
PP thermo		IDR 18,780,000	$1,318		-IDR 1,020,000	-$72	FD Jabodetabek, cash
PPRC	IDR 21,330,000			$1,497	-IDR 1,020,000	-$72	FD Jabodetabek, cash
PPBC	IDR 20,530,000			$1,441	-IDR 580,000	-$41	FD Jabodetabek, cash
*Exchange Rate: USD 1 = IDR 14,245*

Comfortable supply remains one of the major factor dragging prices lower, sources claimed while appreciating Indonesian Rupiah against the US dollar is another factor contributing to the downtrend.

“Demand is not strong. We have lengthy supply for LLDPE film in our warehouses and therefore, we are not very optimistic about the near term outlook,” a local trader added.

Country

Indonesia