Local producer lifted PP prices in Indonesia, maintain PE stable
Local producer lifted PP prices in Indonesia, maintain PE stable
It is reported that a major local producer in Indonesia has opened fresh PP and PE offers to the domestic market with additional increases on PP cargoes due to the severe supply crunch for this grade. The increase marks ten consecutive week of price hike for PP cargoes.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 2 Nov. 2020 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 15,420,000 |
$1,047 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 17,890,000 |
$1,215 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 16,690,000 |
$1,133 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 15,890,000 |
$1,079 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 15,890,000 |
$1,079 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 15,780,000 |
$1,072 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,550,000 |
$1,260 |
+IDR 490,000 |
+$33 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,910,000 |
$1,216 |
+IDR 450,000 |
+$31 |
FD Jabodetabek |
|
PPH inj |
IDR 17,910,000 |
$1,216 |
+IDR 450,000 |
+$31 |
FD Jabodetabek |
|
BOPP |
IDR 18,210,000 |
$1,237 |
+IDR 450,000 |
+$31 |
FD Jabodetabek |
|
PP coating |
IDR 18,210,000 |
$1,237 |
+IDR 450,000 |
+$31 |
FD Jabodetabek |
|
PP thermo |
IDR 18,340,000 |
$1,246 |
+IDR 510,000 |
+$35 |
FD Jabodetabek |
|
PPRC |
IDR 20,040,000 |
$1,361 |
+IDR 420,000 |
+$29 |
FD Jabodetabek |
|
PPBC |
IDR 18,120,000 |
$1,231 |
+IDR 420,000 |
+$29 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,725 |
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“The local PP market is just too much. We are unable to cope with the increases due to the erosion in profit margins,” a converter added.
However, a couple of traders reported having achieved deals for homo-PP cargoes at the new price levels, though transactions are mostly in small quantities.