CommoPlast

Domestic PP, PE offers in Indonesia extended the firming trend amid tight availability

Indonesian customers have been slowing down on purchases since last week while escalating the effort to transfer the rising raw materials costs to finished products, which proved to be more challenging than expected.



Local PP and PE offers in Indonesia continue to gallop higher after a major domestic producer announced a fresh weekly price list with moderate increases. Spot availability remains limited for both PP and PE, which support the price decisions, however, buying interest falls visibly.

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

Material

Price List as of 29 Jul. 23

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 17,450,000

$1,157

+IDR 500,000

+$33

FD Jabodetabek

mPE

IDR 18,690,000

$1,239

IDR 0

$0

FD Jabodetabek

LL inj

IDR 18,040,000

$1,196

+IDR 490,000

+$32

FD Jabodetabek

HD film

IDR 17,710,000

$1,174

+IDR 350,000

+$23

FD Jabodetabek

HD yarn

IDR 17,710,000

$1,174

+IDR 350,000

+$23

FD Jabodetabek

HD blow

IDR 17,860,000

$1,184

+IDR 270,000

+$18

FD Jabodetabek

IPP (PP Film)

IDR 16,700,000

$1,107

+IDR 190,000

+$13

FD Jabodetabek

PPH yarn

IDR 15,940,000

$1,057

+IDR 330,000

+$22

FD Jabodetabek

PPH inj

IDR 15,940,000

$1,057

+IDR 330,000

+$22

FD Jabodetabek

PP thin wall

IDR 16,470,000

$1,092

+IDR 340,000

+$23

FD Jabodetabek

BOPP

IDR 16,250,000

$1,078

+IDR 190,000

+$13

FD Jabodetabek

PP coating

IDR 16,250,000

$1,078

+IDR 190,000

+$13

FD Jabodetabek

PP thermo

IDR 16,250,000

$1,078

+IDR 340,000

+$23

FD Jabodetabek

PPRC

IDR 17,530,000

$1,162

+IDR 120,000

+$8

FD Jabodetabek

PPBC

IDR 16,970,000

$1,125

+IDR 110,000

+$7

FD Jabodetabek

*All prices are excluded of 11% VAT

*Exchange Rate: USD 1 = IDR 15,081

*Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000

 

Indonesian customers have been slowing down on purchases since last week while escalating the effort to transfer the rising raw materials costs to finished products, which proved to be more challenging than expected.

“The price risks are heightening. We have stocked up a month’s worth of inventories and prefer to source back-to-back in the near term. We started seeing more traders offering forward selling cargoes at attractive price levels, which are very appealing,” said, an HDPE bag maker.

 

Meanwhile, sources reported easing supply tightness for PP cargoes. However, the availability is still not substantial enough to induce reductions on spot offers at the moment.     


Country
Indonesia