Local producer up-adjusted PP, PE offers in Indonesia
Local producer up-adjusted PP, PE offers in Indonesia
HD B/M HD Film LL C4 Film PPBC Inj PPH Inj PPH Raf
A major local producer in Indonesia has up-adjusted spot offers for PP and PE offers following a reduction at the beginning of the week. Firming international sentiment is regarded as the main support for the adjustment.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 18 Sept. 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
LL film |
IDR 14,120,000 |
$1,003 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
LL inj |
IDR 15,600,000 |
$1,108 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
HD film |
IDR 14,260,000 |
$1,013 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
HD yarn |
IDR 14,260,000 |
$1,013 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
IPP (PP Film) |
IDR 16,870,000 |
$1,198 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
PPH yarn |
IDR 16,430,000 |
$1,167 |
+IDR 420,000 |
+$30 |
FD Jabodetabek, cash |
|
|
PPH inj |
IDR 16,430,000 |
$1,167 |
+IDR 420,000 |
+$30 |
FD Jabodetabek, cash |
|
|
BOPP |
IDR 16,730,000 |
$1,188 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
PP coating |
IDR 16,730,000 |
$1,188 |
+IDR 430,000 |
+$31 |
FD Jabodetabek, cash |
|
|
PP thermo |
IDR 16,860,000 |
$1,197 |
+IDR 420,000 |
+$30 |
FD Jabodetabek, cash |
|
|
PPRC |
IDR 19,590,000 |
$1,391 |
+IDR 420,000 |
+$30 |
FD Jabodetabek, cash |
|
|
PPBC |
IDR 17,430,000 |
$1,238 |
+IDR 420,000 |
+$30 |
FD Jabodetabek, cash |
|
|
Exchange Rate: USD 1 = IDR 14,082 |
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Many customers have purchased comfortable quantity at the beginning of the week at lower prices and tend to adopt a wait and see stance following the latest hike. However, it is expected that the market might show acceptance in the coming days given the fact that local supply is tightening.
“A domestic producer has recently shut LLDPE production due to negative margins while the other would on restart plant on 25 September after debottlenecking work. Availability is curtailing and buyers would have to accept higher prices,” a local trader commented.