Local producer announces weekly PP, PE offers in Indonesia
Local producer announces weekly PP, PE offers in Indonesia
Indonesian buyers on the first trading day of the week reported having received fresh spot offers from a major local producer, which sees minor increases on PE cargoes while PP holds steady from the previous week.
The following table detail the latest PP and PE offers after the second price adjustment:
|
Material |
Price List as of 19 Apr. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 20,950,000 |
$1,443 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
mPE |
IDR 25,910,000 |
$1,785 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 21,690,000 |
$1,494 |
+IDR 80,000 |
+$6 |
FD Jabodetabek |
|
HD film |
IDR 20,950,000 |
$1,443 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
HD yarn |
IDR 20,950,000 |
$1,443 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
HD blow |
IDR 21,100,000 |
$1,453 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 24,420,000 |
$1,682 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 23,680,000 |
$1,631 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 23,680,000 |
$1,631 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 24,180,000 |
$1,665 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 24,180,000 |
$1,665 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 23,840,000 |
$1,642 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 25,880,000 |
$1,782 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 25,620,000 |
$1,765 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,519 |
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Sources said that the local PE market is facing less pressure than PP due to the lack of import arrival, while competitive Chinese material is forcing local suppliers to soften the stance on homo-PP yarn cargoes to attract purchasing interest.
“Demand in the local market is not strong. Customers mostly purchase hand-to-mouth basis in the distribution market for better pricing. The near-term outlook is not very bullish,” a trader informed.