Indonesian producer slashes local PP and PE offers
Indonesian producer slashes local PP and PE offers
A major local producer in Indonesia has announced fresh PP and PE offers to domestic buyers with a large reduction from last week. The strengthening Rupiah against the US dollar is one of the factors causing the drop, but sources blamed primarily the persistently weak demand condition.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 3 Jun 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 16,340,000 |
$1,144 |
-IDR 400,000 |
-$28 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 17,640,000 |
$1,235 |
-IDR 410,000 |
-$29 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 17,060,000 |
$1,194 |
-IDR 410,000 |
-$29 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 17,060,000 |
$1,194 |
-IDR 410,000 |
-$29 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 18,080,000 |
$1,265 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 17,640,000 |
$1,235 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 17,640,000 |
$1,235 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 18,220,000 |
$1,275 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 18,220,000 |
$1,275 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 18,080,000 |
$1,265 |
-IDR 260,000 |
-$18 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 20,830,000 |
$1,458 |
-IDR 150,000 |
-$10 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 18,370,000 |
$1,286 |
-IDR 410,000 |
-$29 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,288 |
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Most of Indonesian buyers have left their desks for the weeklong Ramadan holiday, and therefore, the market is not responsive toward the latest prices. Meanwhile, with the softening trend observed in the import ground, sources believed that the domestic market might remain under the downward pressure despite the upcoming major shutdown at one of the local plants.