Domestic producer continues lifting PP and PE offers in Indonesia
Domestic producer continues lifting PP and PE offers in Indonesia
After a brief reduction in the previous week, a major local producer in Indonesia has revived the uptrend for both PP and PE on the first trading day of the week with support from the international market.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 23 Nov. 2020 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 15,350,000 |
$1,081 |
+IDR 200,000 |
+$14 |
FD Jabodetabek |
|
mPE |
IDR 17,640,000 |
$1,242 |
+IDR 240,000 |
+$17 |
FD Jabodetabek |
|
LL inj |
IDR 16,600,000 |
$1,169 |
+IDR 220,000 |
+$15 |
FD Jabodetabek |
|
HD film |
IDR 15,810,000 |
$1,113 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
HD yarn |
IDR 15,810,000 |
$1,113 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
HD blow |
IDR 15,710,000 |
$1,106 |
+IDR 220,000 |
+$15 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 19,610,000 |
$1,380 |
+IDR 400,000 |
+$28 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,250,000 |
$1,355 |
+IDR 680,000 |
+$48 |
FD Jabodetabek |
|
PPH inj |
IDR 19,250,000 |
$1,355 |
+IDR 680,000 |
+$48 |
FD Jabodetabek |
|
BOPP |
IDR 19,180,000 |
$1,350 |
+IDR 460,000 |
+$32 |
FD Jabodetabek |
|
PP coating |
IDR 19,180,000 |
$1,350 |
+IDR 460,000 |
+$32 |
FD Jabodetabek |
|
PP thermo |
IDR 19,690,000 |
$1,386 |
+IDR 690,000 |
+$49 |
FD Jabodetabek |
|
PPRC |
IDR 21,420,000 |
$1,508 |
+IDR 720,000 |
+$51 |
FD Jabodetabek |
|
PPBC |
IDR 19,320,000 |
$1,360 |
+IDR 830,000 |
+$58 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,206 |
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Sources said that the fresh increases partially due to the fact that buyers returned to make replenishment, especially for PE cargoes, in the previous week following the discounts given. “The sudden hike in ethylene costs has also elevated the sentiment. We are monitoring the response from customers,” a trader said.
Meanwhile, buyers are becoming more reluctant to accept the latest hike in PP offers, which could indicate another week of sluggish sentiment in Indonesia.