Indonesian producer announces local PP, PE prices
Indonesian producer announces local PP, PE prices
A major local producer in Indonesia has announced fresh PP and PE price list to domestic market mostly at the stable to slightly softer levels. Market players blamed the softening international market for the development in the domestic ground despite the tightening supply condition ahead of the major plant shutdown.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 20 May 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 16,830,000 |
$1,164 |
+IDR 30,000 |
+$2 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 18,140,000 |
$1,254 |
+IDR 50,000 |
+$3 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 17,700,000 |
$1,224 |
-IDR 10,000 |
-$1 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 17,700,000 |
$1,224 |
-IDR 10,000 |
-$1 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,570,000 |
$1,284 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 18,140,000 |
$1,254 |
- |
- |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 18,140,000 |
$1,254 |
- |
- |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,720,000 |
$1,294 |
- |
- |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,720,000 |
$1,294 |
- |
- |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,570,000 |
$1,284 |
- |
- |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 21,270,000 |
$1,471 |
-IDR 140,000 |
-$10 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 18,720,000 |
$1,294 |
-IDR 280,000 |
-$19 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,462 |
||||||
“China market is very weak at the moment, hence there is limited support for international suppliers to lift offers. This might affect the sentiment in the local ground in the near term, especially the Ramadan holiday is just around the corner,” a local trader said.
Other sources complain that local demand is not strong, especially for PE film cargoes, which cap the producer’s ability to introduce new hike.