Local PP, PE offers in Indonesia continue to fall in a quicker pace
Local PP, PE offers in Indonesia continue to fall in a quicker pace
HD Film LL C4 Film PPH Inj PPH Raf
Indonesian buyers on the first trading day of the week receive fresh PP and PE offers from a major local producer with large reduction from last week. Softer sentiment and comfortable supply in the distribution market are blamed for such persistent weakness.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 10 Dec. 2018 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
||
|
LL film |
IDR 17,800,000 |
$1,228 |
-IDR 760,000 |
-$52 |
FD Jabodetabek, cash |
||
|
LL inj |
IDR 18,670,000 |
$1,288 |
-IDR 810,000 |
-$56 |
FD Jabodetabek, cash |
||
|
HD film |
IDR 19,250,000 |
$1,328 |
-IDR 1,000,000 |
-$69 |
FD Jabodetabek, cash |
||
|
HD yarn |
IDR 19,250,000 |
$1,328 |
-IDR 1,000,000 |
-$69 |
FD Jabodetabek, cash |
||
|
HD pipe |
- |
- |
- |
- |
FD Jabodetabek, cash |
||
|
IPP (PP Film) |
IDR 18,380,000 |
$1,268 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
PPH yarn |
IDR 17,940,000 |
$1,237 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
PPH inj |
IDR 17,940,000 |
$1,237 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
BOPP |
IDR 18,160,000 |
$1,253 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
PP coating |
IDR 18,160,000 |
$1,253 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
PP thermo |
IDR 18,090,000 |
$1,248 |
-IDR 690,000 |
-$48 |
FD Jabodetabek, cash |
||
|
PPRC |
IDR 21,040,000 |
$1,451 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
||
|
PPBC |
IDR 19,390,000 |
$1,337 |
-IDR 1,140,000 |
-$79 |
FD Jabodetabek, cash |
||
|
Exchange Rate: USD 1 = IDR 14,498 |
|||||||
Indonesian market participant expected prices to remain weak this week unless the upstream market shows significant hike. “Most buyers are entering the holiday mood. We do not expect transactions to be strong,” a local trader commented,