Local producer continues lifting PP offers in Indonesia, maintains PE unchanged
Local producer continues lifting PP offers in Indonesia, maintains PE unchanged
A major Indonesian producer continues to increase spot PP prices to local buyers, shrugging off the sluggish demand condition amid the outbreak here that affects operating rates at most of the manufacturing plants.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 19 Jul. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,780,000 |
$1,228 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 20,410,000 |
$1,410 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,800,000 |
$1,298 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,640,000 |
$1,218 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,640,000 |
$1,218 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 17,780,000 |
$1,228 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,700,000 |
$1,430 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,970,000 |
$1,379 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPH inj |
IDR 19,970,000 |
$1,379 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
BOPP |
IDR 20,550,000 |
$1,419 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 20,550,000 |
$1,419 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 20,110,000 |
$1,389 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPRC |
IDR 22,010,000 |
$1,520 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 20,990,000 |
$1,450 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,479 |
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It is not surprising that Indonesian buyers maintain a reluctant stance in accepting the new offers. Besides the lower operating rates, demand in the thermoforming cup and household items that use injection grades has been declining since the lockdown takes place.
“We think the producer is following the development in the international market, however, the demand in Indonesia is not strong enough to accept any hike at the moment,” a market source added.
Indonesia remains under COVID-19 related lockdown as the number of daily infection cases hit a record high. Market players are ready for a lockdown extension until the outbreak is under control.