CommoPlast

Local PP, PE market in Indonesia holds steady amid thin transactions

insight 30 Aug 2021

Local PP, PE market in Indonesia holds steady amid thin transactions


Indonesian buyers on the first trading day of the week reportedly received a fresh price list from a key local maker at largely unchanged levels compared to the previous week, regardless of the strengthening Indonesian Rupiah against the US dollar. 

The producer’s latest price list and changes compared to last week are shown in the following table: 

Material

Price List as of 30 Aug. 21

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 18,910,000

$1,322

-

-

FD Jabodetabek

mPE

IDR 19,920,000

$1,392

-

-

FD Jabodetabek

LL inj

IDR 19,930,000

$1,393

-

-

FD Jabodetabek

HD film

IDR 17,750,000

$1,241

-

-

FD Jabodetabek

HD yarn

IDR 17,750,000

$1,241

-

-

FD Jabodetabek

HD blow

IDR 17,950,000

$1,255

+IDR 60,000

+$4

FD Jabodetabek

IPP (PP Film)

IDR 20,410,000

$1,427

-

-

FD Jabodetabek

PPH yarn

IDR 19,680,000

$1,376

-

-

FD Jabodetabek

PPH inj

IDR 19,680,000

$1,376

-

-

FD Jabodetabek

BOPP

IDR 20,260,000

$1,416

-

-

FD Jabodetabek

PP coating

IDR 20,260,000

$1,416

-

-

FD Jabodetabek

PP thermo

IDR 19,830,000

$1,386

-

-

FD Jabodetabek

PPRC

IDR 22,010,000

$1,538

-

-

FD Jabodetabek

PPBC

IDR 20,800,000

$1,454

+IDR 140,000

+$10

FD Jabodetabek

*All prices are excluded of 10% VAT

*Exchange Rate: USD 1 = IDR 14,307

 

Transactions in the local market remain largely unchanged from the previous week, however, several buyers have informed CommoPlast of intention to make additional replenishment in the coming days, believing that the market might be nearing the bottom. 

 

“Southeast Asian market is too weak, hence international suppliers are not interested in allocating materials to this region. Demand in Indonesia is improving, it is just that buyers are still price-sensitive,” a trader commented.  

Country
Indonesia