Major local producer slashed PP, PE prices drastically in Indonesia
Major local producer slashed PP, PE prices drastically in Indonesia
On the first trading day of September, a major local producer in Indonesia decided to slash local prices drastically from the previous week on the back of comfortable supply and bearish near-term outlook.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 02 Sept. 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 14,470,000 |
$1,021 |
- IDR 770,000 |
-$54 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 15,970,000 |
$1,127 |
- IDR 570,000 |
-$40 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 14,760,000 |
$1,041 |
- IDR 490,000 |
-$35 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 14,760,000 |
$1,041 |
- IDR 490,000 |
-$35 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 17,120,000 |
$1,208 |
- IDR 280,000 |
-$20 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 16,680,000 |
$1,177 |
- IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 16,680,000 |
$1,177 |
- IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 16,980,000 |
$1,198 |
- IDR 350,000 |
-$25 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 16,980,000 |
$1,198 |
- IDR 350,000 |
-$25 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 17,110,000 |
$1,207 |
- IDR 290,000 |
-$20 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 19,880,000 |
$1,402 |
- IDR 280,000 |
-$20 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 17,690,000 |
$1,248 |
- IDR 150,000 |
-$11 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,175 |
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A number of Indonesian buyers prefer to source cargoes from the distribution market as traders are willing to negotiate price and payment term to deplete on-hand cargoes.
“We are surprised that the producer decided to implement such a steep price reduction given the lack of inventories pressure amid the on-going maintenance shutdown at the petchem complex. The market situation might become more wary once these units restart,” a market source said.