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Local producer continues lifting PP, PE offers in IndonesiaOver the weekend, a key domestic producer in Indonesia lifted spot PP and PE offers even though international sellers started to loosen their stance in this market given the stiff resistance from buyers. |
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Over the weekend, a key domestic producer in Indonesia lifted spot PP and PE offers even though international sellers started to loosen their stance in this market given the stiff resistance from buyers. Sources said that the latest price decision from the local maker was very much supported by the rising upstream costs.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of04 Feb. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 18,960,000 |
$1,268 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
mPE |
IDR 20,940,000 |
$1,400 |
+IDR 1,310,000 |
+$88 |
FD Jabodetabek |
|
LL inj |
IDR 19,700,000 |
$1,317 |
+IDR 260,000 |
+$17 |
FD Jabodetabek |
|
HD film |
IDR 18,800,000 |
$1,257 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
HD yarn |
IDR 18,800,000 |
$1,257 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
HD blow |
IDR 19,490,000 |
$1,303 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,440,000 |
$1,433 |
+IDR 1,010,000 |
+$68 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,130,000 |
$1,346 |
+IDR 480,000 |
+$32 |
FD Jabodetabek |
|
PPH inj |
IDR 19,910,000 |
$1,331 |
+IDR 260,000 |
+$17 |
FD Jabodetabek |
|
PP thin wall |
IDR 20,530,000 |
$1,373 |
+IDR 260,000 |
+$17 |
FD Jabodetabek |
|
BOPP |
IDR 20,600,000 |
$1,377 |
+IDR 480,000 |
+$32 |
FD Jabodetabek |
|
PP coating |
IDR 20,600,000 |
$1,377 |
+IDR 480,000 |
+$32 |
FD Jabodetabek |
|
PP thermo |
IDR 20,680,000 |
$1,383 |
+IDR 490,000 |
+$33 |
FD Jabodetabek |
|
PPRC |
IDR 21,780,000 |
$1,456 |
+IDR 860,000 |
+$57 |
FD Jabodetabek |
|
PPBC |
IDR 20,840,000 |
$1,393 |
+IDR 400,000 |
+$27 |
FD Jabodetabek |
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*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,958 |
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Indonesian buyers have been adopting a more cautious stance since mid last week when Chinese materials surfaced at much more competitive levels than others. The import PP market in Indonesia since then has been witnessing mild correction.
“The price gap between import and local market is widening, and given the strengthening Rupiah, customers would flock to the import ground to replenish the needed quantity. Once again, we think the local producer is overly aggressive in their pricing,” a market source added.
Several other traders told CommoPlast that trading sentiment is declining in both PP and PE markets. Converters are having some stock on hand, and now prefer to wait for the revival of the finished goods market.
