Major local producer continue lifting PP and PE prices in Indonesia
Major local producer continue lifting PP and PE prices in Indonesia
On the first trading day of the week, a major local producer in Indonesia has released fresh PP and PE price list with additional increases from last week despite the trembling import ground. Players speculate that the hikes are the result of reducing inventories pressure ahead of the major shutdown in July.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 13 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 17,710,000 |
$1,236 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 17,710,000 |
$1,236 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,570,000 |
$1,296 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 18,140,000 |
$1,266 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 18,140,000 |
$1,266 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,720,000 |
$1,307 |
+IDR 260,000 |
+$18 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,720,000 |
$1,307 |
+IDR 260,000 |
+$18 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,570,000 |
$1,296 |
+IDR 110,000 |
+$8 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 21,410,000 |
$1,495 |
- |
- |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 19,000,000 |
$1,326 |
+IDR 50,000 |
+$3 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,324 |
||||||
On the other hand, demand remains very calm and buyers continue to source cargoes from the distribution market, where traders are more willing to sell at discount.
“The escalated trade war between China and the USA is affecting the market confidence negatively. We shall expect more cargoes from USA to arrive Southeast Asia market in the months to come, therefore, the upswing in the local ground might not sustain” a market source said.