Local PP and PE offers in Indonesia inched higher on exchange rate
Local PP and PE offers in Indonesia inched higher on exchange rate
Following a drastic price reduction on most PP grades on the first trading day of the week, a local producer in Indonesia has up-adjusted spot offers for both PP and PE cargoes today by $10/ton on the back of the depreciated Indonesian Rupiah against the US dollar.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 27 Feb. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 12,940,000 |
$926 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
LL inj |
IDR 14,450,000 |
$1,035 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
HD film |
IDR 13,350,000 |
$956 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
HD yarn |
IDR 13,350,000 |
$956 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
HD blow |
IDR 13,280,000 |
$951 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,070,000 |
$1,079 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 14,450,000 |
$1,035 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPH inj |
IDR 14,450,000 |
$1,035 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
BOPP |
IDR 14,860,000 |
$1,064 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 14,860,000 |
$1,064 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 14,580,000 |
$1,044 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPRC |
IDR 16,650,000 |
$1,192 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 15,410,000 |
$1,103 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 13,967 |
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There have not been any major changes in terms of demand and players continue to aggressively negotiate for a large discount regardless of the potentially tighter local supply due to the upcoming shutdown at Polytama and Pertamina plants.
“However, we think the market might regain some stabilization in the coming day as prices have plunged too steeply,” a local trader added.