Local PP and PE market in Indonesia continues to inch lower
Local PP and PE market in Indonesia continues to inch lower
Indonesian players reportedly received fresh PP and PE offers from a major local producer on the first trading day of the week with a small reduction compared to the previous price announcement.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 16 Mar. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 12,780,000 |
$877 |
-IDR 160,000 |
-$11 |
FD Jabodetabek |
|
LL inj |
IDR 14,320,000 |
$983 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
HD film |
IDR 13,270,000 |
$911 |
-IDR 80,000 |
-$5 |
FD Jabodetabek |
|
HD yarn |
IDR 13,270,000 |
$911 |
-IDR 80,000 |
-$5 |
FD Jabodetabek |
|
HD blow |
IDR 13,200,000 |
$906 |
-IDR 80,000 |
-$5 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 14,870,000 |
$1,021 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
PPH yarn |
IDR 14,250,000 |
$978 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
PPH inj |
IDR 14,250,000 |
$978 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
BOPP |
IDR 14,660,000 |
$1,006 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
PP coating |
IDR 14,660,000 |
$1,006 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
PP thermo |
IDR 14,380,000 |
$987 |
-IDR 60,000 |
-$4 |
FD Jabodetabek |
|
PPRC |
IDR 16,480,000 |
$1,131 |
-IDR 30,000 |
-$2 |
FD Jabodetabek |
|
PPBC |
IDR 15,220,000 |
$1,045 |
-IDR 50,000 |
-$3 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,571 |
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Sources said that demand in the country continues to decline amid concerns over the Covid-19 outbreak in this country. “That is why local prices go down regardless of the depreciation of the Rupiah against the US dollar. We fear that the market could remain soft in the coming week,” a buyer said.