Local PP and PE offers continue to fall in Indonesia, except HDPE
Local PP and PE offers continue to fall in Indonesia, except HDPE
A major local producer in Indonesia has opened a weekly price list with an additional reduction from the previous week on most grades, except for HDPE. The downward adjustment reflects the persistently soft demand condition in this market amid the worsening outbreak.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 3 Aug. 2020 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 14,230,000 |
$969 |
-IDR 50,000 |
-$3 |
FD Jabodetabek |
|
mPE |
IDR 16,500,000 |
$1,124 |
-IDR 70,000 |
-$5 |
FD Jabodetabek |
|
LL inj |
IDR 15,480,000 |
$1,054 |
-IDR 50,000 |
-$3 |
FD Jabodetabek |
|
HD film |
IDR 14,820,000 |
$1,009 |
+IDR 400,000 |
+$27 |
FD Jabodetabek |
|
HD yarn |
IDR 14,820,000 |
$1,009 |
+IDR 400,000 |
+$27 |
FD Jabodetabek |
|
HD blow |
IDR 14,890,000 |
$1,014 |
_+IDR 240,000 |
+$16 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,770,000 |
$1,074 |
-IDR 360,000 |
-$25 |
FD Jabodetabek |
|
PPH yarn |
IDR 14,890,000 |
$1,014 |
-IDR 350,000 |
-$24 |
FD Jabodetabek |
|
PPH inj |
IDR 14,890,000 |
$1,014 |
-IDR 350,000 |
-$24 |
FD Jabodetabek |
|
BOPP |
IDR 15,480,000 |
$1,054 |
-IDR 200,000 |
-$14 |
FD Jabodetabek |
|
PP coating |
IDR 15,480,000 |
$1,054 |
-IDR 200,000 |
-$14 |
FD Jabodetabek |
|
PP thermo |
IDR 15,040,000 |
$1,024 |
-IDR 350,000 |
-$24 |
FD Jabodetabek |
|
PPRC |
IDR 17,530,000 |
$1,194 |
-IDR 370,000 |
-$25 |
FD Jabodetabek |
|
PPBC |
IDR 15,920,000 |
$1,084 |
-IDR 80,000 |
-$5 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,684 |
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According to market sources, the rebound in HDPE offers might be a result of the reduced inventories pressure following an active export activity over the past weeks. However, buyers are showing no rush to make replenishment.
“End product businesses remain very sluggish due to the COVID-19 related lockdown. In the meantime, local traders are selling well below the price list, therefore, we do expect the producer to reduce prices further in order to attract deals,” a buyer said.