Domestic supplier continue cutting PE offers in Indonesia
Domestic supplier continue cutting PE offers in Indonesia
HD Film LL C4 Film PPBC Inj PPH Inj PPH Raf
A major domestic producer in Indonesia has announced fresh PP and PE offers with additional reduction on $20/ton on PE cargoes. The producer maintains PP prices unchanged from last week, however, market sentiment seems softer in the absence of buyers and following the tsunami.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 24 Dec. 2018 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 17,360,000 |
$1,193 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 18,230,000 |
$1,252 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 18,810,000 |
$1,292 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 18,810,000 |
$1,292 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,380,000 |
$1,263 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 17,940,000 |
$1,233 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 17,940,000 |
$1,233 |
- |
- |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,160,000 |
$1,248 |
- |
- |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,160,000 |
$1,248 |
- |
- |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,090,000 |
$1,243 |
- |
- |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 21,040,000 |
$1,446 |
- |
- |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 19,240,000 |
$1,322 |
- |
- |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,555 |
||||||
It is reported that the producer’s plant is unaffected by the tsunami that hit the country on Saturday evening and left hundreds of casualties. “The PE market continues to get hit despite the firming upstream ethylene costs. Most buyers are away at the moment, and therefore, we do not expect transaction to be as satisfactory as the previous week,” a trader said.