Local PP and PE market in Indonesia dived on the cloudy outlook
Local PP and PE market in Indonesia dived on the cloudy outlook
A major local producer in Indonesia has substantially stepped back on the spot PP and PE offers this week after a brief firm up as a result of the intensifying COVID-19 outbreak in the country that weaken the near-term outlook.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 5 Jul. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,200,000 |
$1,188 |
-IDR 630,000 |
-$44 |
FD Jabodetabek |
|
mPE |
IDR 20,990,000 |
$1,450 |
-IDR 820,000 |
-$57 |
FD Jabodetabek |
|
LL inj |
IDR 18,220,000 |
$1,258 |
-IDR 360,000 |
-$25 |
FD Jabodetabek |
|
HD film |
IDR 17,350,000 |
$1,198 |
-IDR 480,000 |
-$33 |
FD Jabodetabek |
|
HD yarn |
IDR 17,350,000 |
$1,198 |
-IDR 480,000 |
-$33 |
FD Jabodetabek |
|
HD blow |
IDR 17,640,000 |
$1,218 |
-IDR 490,000 |
-$34 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,410,000 |
$1,410 |
-IDR 910,000 |
-$63 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,820,000 |
$1,369 |
-IDR 900,000 |
-$62 |
FD Jabodetabek |
|
PPH inj |
IDR 19,820,000 |
$1,369 |
-IDR 900,000 |
-$62 |
FD Jabodetabek |
|
BOPP |
IDR 20,410,000 |
$1,410 |
-IDR 960,000 |
-$66 |
FD Jabodetabek |
|
PP coating |
IDR 20,410,000 |
$1,410 |
-IDR 960,000 |
-$66 |
FD Jabodetabek |
|
PP thermo |
IDR 19,970,000 |
$1,379 |
-IDR 910,000 |
-$63 |
FD Jabodetabek |
|
PPRC |
IDR 21,720,000 |
$1,500 |
-IDR 1,220,000 |
-$84 |
FD Jabodetabek |
|
PPBC |
IDR 21,130,000 |
$1,459 |
-IDR 1,110,000 |
-$77 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,479 |
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Local traders have immediately followed the price adjustment, though purchasing interest remains sluggish, which could induce additional price cuts in the coming days.
“Once again, it could be very challenging for international suppliers to increase prices to Indonesia this round despite the firming sentiment across the region. Demand might only recover once the outbreak is under control,” a market source added.