Local producer continues lowering spot PP and PE offers in Indonesia
Local producer continues lowering spot PP and PE offers in Indonesia
A major local producer in Indonesia continues to cut spot PP and PE offers on the first trading day of the week, though the extent of the price reduction has narrowed compared to the previous announcement.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 1 Feb. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 16,780,000 |
$1,196 |
-IDR 190,000 |
-$14 |
FD Jabodetabek |
|
mPE |
IDR 18,400,000 |
$1,312 |
+IDR 210,000 |
+$15 |
FD Jabodetabek |
|
LL inj |
IDR 18,240,000 |
$1,300 |
-IDR 220,000 |
-$16 |
FD Jabodetabek |
|
HD film |
IDR 17,070,000 |
$1,217 |
-IDR 180,000 |
-$13 |
FD Jabodetabek |
|
HD yarn |
IDR 16,920,000 |
$1,206 |
-IDR 190,000 |
-$14 |
FD Jabodetabek |
|
HD blow |
IDR 17,790,000 |
$1,268 |
-IDR 170,000 |
-$12 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 19,930,000 |
$1,421 |
-IDR 220,000 |
-$16 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,700,000 |
$1,404 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
PPH inj |
IDR 19,700,000 |
$1,404 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
BOPP |
IDR 19,840,000 |
$1,414 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
PP coating |
IDR 19,840,000 |
$1,414 |
-IDR 100,000 |
-$7 |
FD Jabodetabek |
|
PP thermo |
IDR 20,120,000 |
$1,434 |
-IDR 180,000 |
-$13 |
FD Jabodetabek |
|
PPRC |
IDR 22,240,000 |
$1,585 |
-IDR 210,000 |
-$15 |
FD Jabodetabek |
|
PPBC |
IDR 21,360,000 |
$1,523 |
-IDR 210,000 |
-$15 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,028 |
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There are limited changes in terms of demand in the Indonesian market and local traders here are offering well below the producer’s price list. “We are willing to sell homo-PP yarn and injection at IDR 18,500,000/ton without VAT ($1318/ton), cash payment. We think this price level is very much in line with the current import market, however, customers are still demanding more discounts,” a trader reported.