Major Indonesian producer continues slashing local PP and PE offers
Major Indonesian producer continues slashing local PP and PE offers
For the second week in a row after the long holiday, a major local producer in Indonesia has announced spot offers with a drastic reduction on the back of soft demand and weakening international market.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 17 Jun 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 15,620,000 |
$1,091 |
-IDR 580,000 |
-$41 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 16,930,000 |
$1,182 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 16,210,000 |
$1,132 |
-IDR 850,000 |
-$59 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 16,210,000 |
$1,132 |
-IDR 850,000 |
-$59 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 17,210,000 |
$1,202 |
-IDR 580,000 |
-$41 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 16,780,000 |
$1,172 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 16,780,000 |
$1,172 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 17,360,000 |
$1,212 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 17,360,000 |
$1,212 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 17,210,000 |
$1,202 |
-IDR 580,000 |
-$41 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 19,970,000 |
$1,395 |
-IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 17,790,000 |
$1,242 |
-IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,318 |
||||||
Sources are very concern with the latest price decision considering the fact that local supply is curtailing as the producer is cutting allocation much larger than initial planned due to the upcoming maintenance shutdown. As a result, in the previous week, several authorised distributors of the producer had suspended all offerings of PE cargoes.
“Customers might preserve the wait-and-see stance further. Overseas sellers would also find it difficult to attract deals this week,” a local buyer commented.