Domestic PP, PE market in Indonesia resumes the weakening trend
Domestic PP, PE market in Indonesia resumes the weakening trend
A major local producer in Indonesia has opened fresh weekly PP and PE offers with reductions for both PP and PE cargoes after a brief stabilization in the previous week on the back of the persistently weak demand condition.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 7 Jun. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,230,000 |
$1,278 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
mPE |
IDR 22,450,000 |
$1,574 |
-IDR 1,150,000 |
-$81 |
FD Jabodetabek |
|
LL inj |
IDR 18,970,000 |
$1,330 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
HD film |
IDR 18,800,000 |
$1,318 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 18,800,000 |
$1,318 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 19,090,000 |
$1,338 |
-IDR 580,000 |
-$41 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,960,000 |
$1,539 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 21,090,000 |
$1,478 |
-IDR 430,000 |
-$30 |
FD Jabodetabek |
|
PPH inj |
IDR 21,090,000 |
$1,478 |
-IDR 430,000 |
-$30 |
FD Jabodetabek |
|
BOPP |
IDR 22,010,000 |
$1,543 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 22,010,000 |
$1,543 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 21,240,000 |
$1,489 |
-IDR 430,000 |
-$30 |
FD Jabodetabek |
|
PPRC |
IDR 23,280,000 |
$1,632 |
-IDR 430,000 |
-$30 |
FD Jabodetabek |
|
PPBC |
IDR 22,730,000 |
$1,593 |
-IDR 150,000 |
-$11 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,293 |
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Eight cities in central Java have been placed under strict lockdown to break the infection chain, which also reduced the need among manufacturers to make replenishment. “Besides, distributors are giving prices at much lower levels than the producer, therefore, customers are not showing much interest in the latest price list,” a market source added.