CommoPlast | Article - Domestic PP market in Indonesia moderately reduces while PE inches higher

A major Indonesian producer has announced fresh weekly PP and PE offers to domestic buyers with additional reduction on PP cargoes from the previous week. Meanwhile, the minor increase in PE offers is attributed to the ease in inventories pressure, though buyers remain pessimistic about the sustainability of the hike.

The producer’s latest price list and changes compared to last week are shown in the following table:

Material	Price List as of 10 Aug. 2020	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 14,290,000	$972	+IDR 60,000	+$4	FD Jabodetabek
mPE	IDR 16,570,000	$1,127	+IDR 70,000	+$5	FD Jabodetabek
LL inj	IDR 15,540,000	$1,057	+IDR 60,000	+$4	FD Jabodetabek
HD film	IDR 14,880,000	$1,012	+IDR 60,000	+$4	FD Jabodetabek
HD yarn	IDR 14,880,000	$1,012	+IDR 60,000	+$4	FD Jabodetabek
HD blow	IDR 14,950,000	$1,017	+IDR 60,000	+$4	FD Jabodetabek
IPP (PP Film)	IDR 15,540,000	$1,057	-IDR 230,000	-$16	FD Jabodetabek
PPH yarn	IDR 14,670,000	$998	-IDR 220,000	-$15	FD Jabodetabek
PPH inj	IDR 14,670,000	$998	-IDR 220,000	-$15	FD Jabodetabek
BOPP	IDR 15,250,000	$1,037	-IDR 230,000	-$16	FD Jabodetabek
PP coating	IDR 15,250,000	$1,037	-IDR 230,000	-$16	FD Jabodetabek
PP thermo	IDR 14,810,000	$1,008	-IDR 230,000	-$16	FD Jabodetabek
PPRC	IDR 17,240,000	$1,173	-IDR 290,000	-$20	FD Jabodetabek
PPBC	IDR 15,980,000	$1,087	+IDR 60,000	+$4	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,699

Buyers are comparing the price list with the competitive offers available in the distribution market and several have expressed the intention to place steep bids to obtain small quantities.

Indonesia continues to fight the raging COVID-19 outbreak that cripples economic activities and hurt demand.

Country

Indonesia