Domestic PP, PE offers in Indonesia mixed; demand remains sluggish
Domestic PP, PE offers in Indonesia mixed; demand remains sluggish
In spite of the raging COVID-19 outbreak, a major local producer in Indonesia lifted spot offers for most of the PE cargoes to reflect the development in the import market while holding PP largely stable.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 12 Jul. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,780,000 |
$1,228 |
+IDR 580,000 |
+$40 |
FD Jabodetabek |
|
mPE |
IDR 20,410,000 |
$1,410 |
-IDR 580,000 |
-$40 |
FD Jabodetabek |
|
LL inj |
IDR 18,800,000 |
$1,299 |
+IDR 580,000 |
+$40 |
FD Jabodetabek |
|
HD film |
IDR 17,640,000 |
$1,219 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD yarn |
IDR 17,640,000 |
$1,219 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD blow |
IDR 17,780,000 |
$1,228 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,550,000 |
$1,420 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,820,000 |
$1,369 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 19,820,000 |
$1,369 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 20,410,000 |
$1,410 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 20,410,000 |
$1,410 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 19,970,000 |
$1,380 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 21,860,000 |
$1,510 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 20,840,000 |
$1,440 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,479 |
|||||
Indonesian customers maintain a calm stance towards the latest price list while continuing to source hand-to-mouth from the distribution market, where traders are more willing to negotiate with serious buyers to deplete the on-hand inventories.
“We think the producer is overconfident in the market’s ability to accept the increases. The actual demand is very weak,” a market source reported.
Indonesia might be extend the lockdown in Java and Bali until 17 August to curb the current outbreak. On 11 July 2021, the country’s daily caseload surge to 36,197 – the highest number since the outbreak