Indonesian producer lifted local PP, PE offers twice in a day
Indonesian producer lifted local PP, PE offers twice in a day
Indonesian buyers on the first trading day of the week are astonished by the two price hikes from a major local producer on the background of the heavy struggle to convince end-product buyers to accept new raw material prices.
The following table detail the latest PP and PE offers after the second price adjustment:
|
Material |
Price List as of 1 Mar. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 19,600,000 |
$1,369 |
IDR 140,000 |
$10 |
FD Jabodetabek |
|
mPE |
IDR 22,010,000 |
$1,537 |
IDR 140,000 |
$10 |
FD Jabodetabek |
|
LL inj |
IDR 20,950,000 |
$1,463 |
IDR 150,000 |
$10 |
FD Jabodetabek |
|
HD film |
IDR 19,320,000 |
$1,349 |
IDR 150,000 |
$10 |
FD Jabodetabek |
|
HD yarn |
IDR 19,320,000 |
$1,349 |
IDR 150,000 |
$10 |
FD Jabodetabek |
|
HD blow |
IDR 19,320,000 |
$1,349 |
IDR 150,000 |
$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 24,710,000 |
$1,725 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 24,000,000 |
$1,676 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 24,000,000 |
$1,676 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 24,430,000 |
$1,706 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 24,430,000 |
$1,706 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 24,430,000 |
$1,706 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 26,420,000 |
$1,845 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 25,560,000 |
$1,785 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,321 |
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In the first price announcement, the producer drastically lifted PP offers mostly by more than $120/ton compared to the previous week while the extent of price hike for PE was more varied, ranging between $23-168/ton.
In the second price adjustment, the maker slightly increased PE prices by $10/ton while keeping PP unchanged.
Demand in Indonesia has been softening since late last week as manufacturers step to the sideline to negotiate with end-product buyers before making replenishment. Trading activities are sluggish, though players believed that the retailing market might see more transactions in the next two to three days as small-scale buyers become more receptive to the new prices.