CommoPlast | Article - Indonesian producer keeps PP, PE prices stable amid thin demand

A major local producer in Indonesia maintains the spot PP and PE offer stable this week following a steep cut on PE cargoes in the previous price announcement. However, transactions are rather thin as buyers are not interested in making new purchases at the moment.

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

Material	Price List as of 21 Dec. 2020	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 17,990,000	$1,273	-	-	FD Jabodetabek
mPE	IDR 19,180,000	$1,358	-	-	FD Jabodetabek
LL inj	IDR 19,460,000	$1,377	-	-	FD Jabodetabek
HD film	IDR 17,900,000	$1,267	-	-	FD Jabodetabek
HD yarn	IDR 17,900,000	$1,267	-	-	FD Jabodetabek
HD blow	IDR 18,230,000	$1,290	-	-	FD Jabodetabek
IPP (PP Film)	IDR 21,610,000	$1,530	-	-	FD Jabodetabek
PPH yarn	IDR 21,250,000	$1,504	-	-	FD Jabodetabek
PPH inj	IDR 21,250,000	$1,504	-	-	FD Jabodetabek
BOPP	IDR 21,260,000	$1,505	-	-	FD Jabodetabek
PP coating	IDR 21,260,000	$1,505	-	-	FD Jabodetabek
PP thermo	IDR 21,690,000	$1,535	-	-	FD Jabodetabek
PPRC	IDR 23,410,000	$1,657	-	-	FD Jabodetabek
PPBC	IDR 21,770,000	$1,541	-	-	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,128

A reported earlier, many small-scale manufacturers in the injection sector are allowing workers to take off for holiday starting 20 December to 4 January 2021 in order to recalibrate the costs and profits. These converters have been suffering from negative profit margins over the past month due to the drastic surge in raw material prices.

“The market is very quiet. Traders might offer additional discounts this week, hence, we are waiting for new prices,” a buyer added.

Country

Indonesia