Local PP and PE market in Indonesia registered another round of reductions
Local PP and PE market in Indonesia registered another round of reductions
Spot PP and PE market in Indonesia opens the new week with additional decreases from the previous week, in line with market players’ expectations considering the persistently sluggish demand condition in the country.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 14 Jun. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,700,000 |
$1,247 |
-IDR 530,000 |
-$37 |
FD Jabodetabek |
|
mPE |
IDR 22,130,000 |
$1,559 |
-IDR 320,000 |
-$23 |
FD Jabodetabek |
|
LL inj |
IDR 18,510,000 |
$1,304 |
-IDR 460,000 |
-$32 |
FD Jabodetabek |
|
HD film |
IDR 18,200,000 |
$1,282 |
-IDR 600,000 |
-$42 |
FD Jabodetabek |
|
HD yarn |
IDR 18,200,000 |
$1,282 |
-IDR 600,000 |
-$42 |
FD Jabodetabek |
|
HD blow |
IDR 18,490,000 |
$1,302 |
-IDR 600,000 |
-$42 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,210,000 |
$1,494 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,340,000 |
$1,432 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PPH inj |
IDR 20,340,000 |
$1,432 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
BOPP |
IDR 21,260,000 |
$1,497 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PP coating |
IDR 21,260,000 |
$1,497 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PP thermo |
IDR 20,490,000 |
$1,443 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PPRC |
IDR 22,530,000 |
$1,587 |
-IDR 750,000 |
-$53 |
FD Jabodetabek |
|
PPBC |
IDR 22,410,000 |
$1,578 |
-IDR 320,000 |
-$23 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,199 |
|||||
In spite of the sharp price cuts, sources said that the producer’s price list remains well above the distribution market, which encourages buyers to hold the wait-and-see position.
“Customers are very cautious. Large buyers continue to look for cargoes in the import market, especially for PP grades because of the large price gap with local materials. We have yet to see any support for a rebound in the local prices,” a trader reported.