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Indonesian producer announced new PP, PE offers to the domestic market on a stable to firmer trackSeveral trading houses told CommoPlast of the lack of inquiries for spot HDPE and LLDPE film and many buyers would opt for further delivery schedules cargoes at more competitive prices. |
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A major Indonesian producer reportedly implemented a fresh round of increment on spot PP cargoes in their latest price announcement over the weekend while keeping PE offers unchanged. The price decisions, while being supported by the reduced availability, are facing heightened resistance from the market.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 22 Jul. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
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|
LL film |
IDR 16,950,000 |
$1,128 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 18,690,000 |
$1,244 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 17,550,000 |
$1,168 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,360,000 |
$1,156 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,360,000 |
$1,156 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 17,590,000 |
$1,171 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 16,510,000 |
$1,099 |
+IDR 160,000 |
+$11 |
FD Jabodetabek |
|
PPH yarn |
IDR 15,610,000 |
$1,039 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PPH inj |
IDR 15,610,000 |
$1,039 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PP thin wall |
IDR 16,130,000 |
$1,074 |
+IDR 310,000 |
+$21 |
FD Jabodetabek |
|
BOPP |
IDR 16,060,000 |
$1,069 |
+IDR 170,000 |
+$11 |
FD Jabodetabek |
|
PP coating |
IDR 16,060,000 |
$1,069 |
+IDR 170,000 |
+$11 |
FD Jabodetabek |
|
PP thermo |
IDR 15,910,000 |
$1,059 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
PPRC |
IDR 17,410,000 |
$1,159 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 16,860,000 |
$1,122 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
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*All prices are excluded from 11% VAT *Exchange Rate: USD 1 = IDR 15,021 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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Compared to other markets in the region, Indonesia is in a unique position where buying interest for PP is seemingly much stronger than PE at the moment. Several trading houses told CommoPlast of the lack of inquiries for spot HDPE and LLDPE film and many buyers would opt for further delivery schedules cargoes at more competitive prices.
“We have stocked up comfortably and are in no rush to make additional spot purchases. We were offered HDPE and LLDPE film parcels for September delivery at IDR 16,500,000/ton excluding VAT. We are in negotiation with the trader to obtain additional discounts,” said, a packaging converter.
Meanwhile, the PP sector continues to perform better backed by the curtailed availability of ready stock cargoes in the domestic market. In fact, many traders here could only supply homo-PP yarn and thermoforming for September delivery the soonest.
“We could even move PP film without much hassle. Small-scale buyers are staying away from intense haggling aware of the limited supply for the grade,” a trader added.
Country
Indonesia
