Indonesian producer slashes local PP and PE offers
Indonesian producer slashes local PP and PE offers
It is reported that a major local producer has announced fresh weekly PP and PE prices mostly at lower levels compared to the previous announcement. The reduction is a result of strengthening Rupiah against the US dollar while market sentiment continues to weaken ahead of the long Ramadan holiday.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 27 May 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 16,740,000 |
$1,167 |
-IDR 90,000 |
-$6 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 18,050,000 |
$1,258 |
-IDR 90,000 |
-$6 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 17,470,000 |
$1,218 |
-IDR 230,000 |
-$16 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 17,540,000 |
$1,223 |
-IDR 240,000 |
-$17 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,340,000 |
$1,278 |
-IDR 230,000 |
-$16 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 17,900,000 |
$1,248 |
-IDR 240,000 |
-$17 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 17,900,000 |
$1,248 |
-IDR 240,000 |
-$17 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,480,000 |
$1,288 |
-IDR 240,000 |
-$17 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,480,000 |
$1,288 |
-IDR 240,000 |
-$17 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,340,000 |
$1,278 |
-IDR 230,000 |
-$16 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 20,980,000 |
$1,463 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 18,780,000 |
$1,309 |
+IDR 60,000 |
+$4 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,345 |
||||||
Sources commented that the reduction might not be able to attract sufficient purchasing interest given the fact that many buyers would take off for holiday starting 31 May 2019.
“Meanwhile, distributors continue to offers very attractive prices, which might be more appealing to customers. We do not expect the demand to pick up strongly in the coming days,” a trader said.