CommoPlast

Indonesian PP, PE market continued to track firming trend.

Pasar PP dan PE domestik Indonesia tetap berada di jalur yang menguat menyusul pengumuman harga terbaru dari produsen domestik utama, didorong oleh kurangnya stok kargo ready stok dan tingginya biaya hulu.



Indonesia's domestic PP and PE market remain on the firming track following the latest price announcement from a key domestic producer, driven by the lack of ready-stock cargoes and the strong upstream costs. On the other hand, purchasing interest deteriorates further as buyers resist the current price levels.

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

Material

Price List as of 23 Sept. 23

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 18,540,000

$1,207

+IDR 40,000

+$3

FD Jabodetabek

mPE

IDR 20,200,000

$1,315

+IDR 40,000

+$3

FD Jabodetabek

LL inj

IDR 19,140,000

$1,246

+IDR 30,000

+$2

FD Jabodetabek

HD film

IDR 19,270,000

$1,254

+IDR 270,000

+$18

FD Jabodetabek

HD yarn

IDR 19,270,000

$1,254

+IDR 270,000

+$18

FD Jabodetabek

HD blow

IDR 19,610,000

$1,276

+IDR 200,000

+$13

FD Jabodetabek

IPP (PP Film)

IDR 18,080,000

$1,177

+IDR 40,000

+$3

FD Jabodetabek

PPH yarn

IDR 17,070,000

$1,111

+IDR 30,000

+$2

FD Jabodetabek

PPH inj

IDR 17,070,000

$1,111

+IDR 30,000

+$2

FD Jabodetabek

PP thin wall

IDR 17,610,000

$1,146

+IDR 30,000

+$2

FD Jabodetabek

BOPP

IDR 17,770,000

$1,157

+IDR 40,000

+$3

FD Jabodetabek

PP coating

IDR 17,770,000

$1,157

+IDR 40,000

+$3

FD Jabodetabek

PP thermo

IDR 17,380,000

$1,131

+IDR 30,000

+$2

FD Jabodetabek

PPRC

IDR 19,240,000

$1,252

+IDR 200,000

+$13

FD Jabodetabek

PPBC

IDR 19,050,000

$1,240

+IDR 270,000

+$18

FD Jabodetabek

*All prices are excluded of 11% VAT

*Exchange Rate: USD 1 = IDR 15,365

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

 

Pembeli Indonesia sebagian besar telah menyetok sejumlah kargo selama seminggu terakhir ketika minyak mentah hulu mencapai titik tertinggi dalam sepuluh bulan. Tanpa adanya peningkatan nyata dalam permintaan barang jadi, para manufaktur mungkin memilih untuk berhati-hati di tengah margin keuntungan yang sudah tipis.

 

“Namun, kami memperkirakan tren penguatan akan terus berlanjut. Penghentian produksi di PT Lotte Chemical Titan Nusantara sangat membatasi ketersediaan HDPE. Ditambah lagi, produsen harus melindungi keuntungannya karena ethylene dan propylene masih kuat,” komentar seorang pedagang.