Indonesian producer lifted local PP and PE offers
Indonesian producer lifted local PP and PE offers
Following the uptrend in the international market, a major local producer in Indonesia has announced fresh price list with increases for PP and some PE grades.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 6 May 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 16,800,000 |
$1,173 |
- |
- |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 18,090,000 |
$1,263 |
- |
- |
FD Jabodetabek, cash |
|
|
HD film |
IDR 17,600,000 |
$1,229 |
+IDR 20,000 |
+$1 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 17,600,000 |
$1,229 |
+IDR 20,000 |
+$1 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,460,000 |
$1,289 |
+IDR 160,000 |
+$11 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 18,030,000 |
$1,259 |
+IDR 160,000 |
+$11 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 18,030,000 |
$1,259 |
+IDR 160,000 |
+$11 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,460,000 |
$1,289 |
+IDR 170,000 |
+$12 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,460,000 |
$1,289 |
+IDR 170,000 |
+$12 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,460,000 |
$1,289 |
+IDR 170,000 |
+$12 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 21,410,000 |
$1,495 |
+IDR 140,000 |
+$10 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 18,950,000 |
$1,323 |
- |
- |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,323 |
||||||
It is expected that the producer might continue to lift local PP prices in the near term as they plan for an approximately 60 days maintenance work in July. The lack of inventories pressure would balance the soft demand condition.
A couple of distributors reported having PP contract allocation cut by 50% as a result of the shutdown. Some have brought up the intention to stock up inventories while other fear that demand might not improve strongly due to the Ramadan season.