CommoPlast Article

A key Indonesian producer announces fresh spot PP and PE offers as the market returns from the long holiday on a stable to firmer track, resuming the trend observed prior to the break.

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

Material	Price List as of 02 May. 23	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 17,790,000	$1,213	-	-	FD Jabodetabek
mPE	IDR 19,690,000	$1,343	-	-	FD Jabodetabek
LL inj	IDR 18,390,000	$1,254	-	-	FD Jabodetabek
HD film	IDR 17,840,000	$1,217	-	-	FD Jabodetabek
HD yarn	IDR 17,840,000	$1,217	-	-	FD Jabodetabek
HD blow	IDR 18,340,000	$1,251	-	-	FD Jabodetabek
IPP (PP Film)	IDR 17,920,000	$1,222	-	-	FD Jabodetabek
PPH yarn	IDR 17,320,000	$1,181	-	-	FD Jabodetabek
PPH inj	IDR 17,320,000	$1,181	-	-	FD Jabodetabek
PP thin wall	IDR 17,850,000	$1,217	-	-	FD Jabodetabek
BOPP	IDR 17,620,000	$1,202	-	-	FD Jabodetabek
PP coating	IDR 17,620,000	$1,202	-	-	FD Jabodetabek
PP thermo	IDR 17,620,000	$1,202	-	-	FD Jabodetabek
PPRC	IDR 19,600,000	$1,337	IDR 450,000	$31	FD Jabodetabek
PPBC	IDR 19,440,000	$1,326	IDR 290,000	$20	FD Jabodetabek
All prices are excluded of 11% VAT Exchange Rate: USD 1 = IDR 14,662 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000

Indonesian traders are rather optimistic that customers here would return to the market for some replenishment, however, a large part of buyers prefer to wait on the sidelines until they have a clearer picture of the post-Labour Day demand conditions in China.

A trader told CommoPlast, “It is time for some duly needed stock replenishments taking into account the lack of purchase activity prior to the onset of the holidays.”

Although some activity is expected, the rather flimsy state of the global market may hinder any large volume purchases with buyers focusing on need basis purchases for the time being.

Indonesian PP, PE market track stable to firmer trend following holiday