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Local PP, and PE market in Indonesia continued to slideLocal PP, and PE market in Indonesia continued to slide |
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For another week, a key local producer in Indonesia slashed spot PP and PE offers significantly on the back of the lack of buying interest while attempting to retain the competitive advantage against the weakening import offers.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 09 Jul. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 20,930,000 |
$1,398 |
-IDR 410,000 |
-$27 |
FD Jabodetabek |
|
mPE |
IDR 23,270,000 |
$1,554 |
-IDR 230,000 |
-$15 |
FD Jabodetabek |
|
LL inj |
IDR 21,990,000 |
$1,469 |
-IDR 240,000 |
-$16 |
FD Jabodetabek |
|
HD film |
IDR 21,080,000 |
$1,408 |
-IDR 550,000 |
-$37 |
FD Jabodetabek |
|
HD yarn |
IDR 21,530,000 |
$1,438 |
-IDR 550,000 |
-$37 |
FD Jabodetabek |
|
HD blow |
IDR 21,380,000 |
$1,428 |
-IDR 400,000 |
-$27 |
FD Jabodetabek |
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IPP (PP Film) |
IDR 20,780,000 |
$1,388 |
-IDR 1,150,000 |
-$77 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,430,000 |
$1,298 |
-IDR 1,310,000 |
-$88 |
FD Jabodetabek |
|
PPH inj |
IDR 19,430,000 |
$1,298 |
-IDR 1,310,000 |
-$88 |
FD Jabodetabek |
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PP thin wall |
IDR 21,690,000 |
$1,449 |
-IDR 420,000 |
-$28 |
FD Jabodetabek |
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BOPP |
IDR 20,030,000 |
$1,338 |
-IDR 1,380,000 |
-$92 |
FD Jabodetabek |
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PP coating |
IDR 20,030,000 |
$1,338 |
-IDR 1,380,000 |
-$92 |
FD Jabodetabek |
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PP thermo |
IDR 20,180,000 |
$1,348 |
-IDR 1,160,000 |
-$77 |
FD Jabodetabek |
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PPRC |
IDR 21,460,000 |
$1,433 |
-IDR 1,290,000 |
-$86 |
FD Jabodetabek |
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PPBC |
IDR 20,030,000 |
$1,338 |
-IDR 1,600,000 |
-$107 |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,971 |
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The downward adjustments are not surprising, according to market sources. Buyers have been reluctant to make additional purchases over the past week in sight of a persistently weakening trend.
“Everyone is concerned about the economic outlook, while the COVID-19 situation in China is not improving. The near-term outlook is so bearish, we fear the downswing might persist in the near term,” a market source added.
