Indonesian producer introduces drastic hike on local PP and PE cargoes
Indonesian producer introduces drastic hike on local PP and PE cargoes
A major Indonesian producer has opened a fresh price list for the new week with $40-50/ton increased on most PP and PE grades compared to last week due to tighter supply conditions within the country.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 13 Jan. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 13,580,000 |
$988 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
LL inj |
IDR 14,570,000 |
$1,060 |
+IDR 690,000 |
+$50 |
FD Jabodetabek |
|
HD film |
IDR 13,840,000 |
$1,007 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
HD yarn |
IDR 13,840,000 |
$1,007 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
HD blow |
IDR 13,840,000 |
$1,007 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 16,970,000 |
$1,235 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,180,000 |
$1,178 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
PPH inj |
IDR 16,180,000 |
$1,178 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
BOPP |
IDR 16,820,000 |
$1,224 |
+IDR 690,000 |
+$50 |
FD Jabodetabek |
|
PP coating |
IDR 16,820,000 |
$1,224 |
+IDR 690,000 |
+$50 |
FD Jabodetabek |
|
PP thermo |
IDR 16,610,000 |
$1,209 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
PPRC |
IDR 19,350,000 |
$1,408 |
+IDR 700,000 |
+$51 |
FD Jabodetabek |
|
PPBC |
IDR 16,190,000 |
$1,178 |
+IDR 560,000 |
+$41 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 13,739 |
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The domestic PP and PE market in Indonesia has been continuously hiking since the beginning of December 2019, with both HDPE and LLDPE film recorded between 16.1% to 16.7% increase in value while homo-PP yarn jumped 11.6%, according to CommoPlast data.
The sharp upswing has players wondered if the market has reached the cyclical peak at the moment.
“Supply remains tight at the moment and we think the market might be nearing the peak, however, suppliers are in no rush to cut offers. Until cargoes from new plants are coming in, we expect the market the persist on the stable to firmer track,” a market source said.