Local producer continue lifting PP and PE prices in Indonesia
Local producer continue lifting PP and PE prices in Indonesia
HD Film LL C4 Film PPBC Inj PPRC Inj PPH Inj PPH Raf
Indonesian players on the first trading day of the week reported having received fresh price list from a major local producer with additional increases compared to last week. Apparently, hikes on PP cargoes are more significant than PE, signaling the differences in demand for the two grades.
The producer’s latest price list and changes are shown in the following table:
|
Material |
Price List as of 30 Sept. 19 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
|
Combined and reported by CommoPlast |
||||||
|
LL film |
IDR 14,500,000 |
$1,022 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
|
LL inj |
IDR 15,990,000 |
$1,127 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
|
HD film |
IDR 14,640,000 |
$1,032 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
|
HD yarn |
IDR 14,640,000 |
$1,032 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
|
IPP (PP Film) |
IDR 14,640,000 |
$1,032 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
|
PPH yarn |
IDR 17,830,000 |
$1,257 |
+IDR 490,000 |
+$35 |
FD Jabodetabek |
|
|
PPH inj |
IDR 17,400,000 |
$1,227 |
+IDR 500,000 |
+$35 |
FD Jabodetabek |
|
|
BOPP |
IDR 17,400,000 |
$1,227 |
+IDR 500,000 |
+$35 |
FD Jabodetabek |
|
|
PP coating |
IDR 17,690,000 |
$1,247 |
+IDR 490,000 |
+$35 |
FD Jabodetabek |
|
|
PP thermo |
IDR 17,690,000 |
$1,247 |
+IDR 490,000 |
+$35 |
FD Jabodetabek |
|
|
PPRC |
IDR 17,830,000 |
$1,257 |
+IDR 500,000 |
+$35 |
FD Jabodetabek |
|
|
PPBC |
IDR 20,570,000 |
$1,450 |
+IDR 500,000 |
+$35 |
FD Jabodetabek |
|
|
Exchange Rate: USD 1 = IDR 14,185 |
||||||
In fact, sources informed that sales for PP cargoes remain more satisfactory than PE. Many PE buyers continue to refrain from large purchases citing the up-coming new material from the expanded plant in the local ground.
“We started seeing some traders soften the stance on the cargoes to entice purchasing activities since late last week. It seems sellers are not very confident in the near term outlook,” a market source said.