Indonesian producer continues cutting local PP prices, maintaining PE

insight 24 Feb 2020

Indonesian producer continues cutting local PP prices, maintaining PE

A major local producer continues to cut local PP prices in Indonesia drastically on the first trading day of the week as a result of intense competition in the distribution market and soft demand condition.

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

Material	Price List as of 24 Feb. 20	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 12,800,000	$926	-	-	FD Jabodetabek
LL inj	IDR 14,310,000	$1,035	-	-	FD Jabodetabek
HD film	IDR 13,210,000	$956	-	-	FD Jabodetabek
HD yarn	IDR 13,210,000	$956	-	-	FD Jabodetabek
HD blow	IDR 13,140,000	$951	-	-	FD Jabodetabek
IPP (PP Film)	IDR 14,930,000	$1,080	-IDR 690,000	-$50	FD Jabodetabek
PPH yarn	IDR 14,310,000	$1,035	-IDR 690,000	-$50	FD Jabodetabek
PPH inj	IDR 14,310,000	$1,035	-IDR 690,000	-$50	FD Jabodetabek
BOPP	IDR 14,720,000	$1,065	-IDR 690,000	-$50	FD Jabodetabek
PP coating	IDR 14,720,000	$1,065	-IDR 690,000	-$50	FD Jabodetabek
PP thermo	IDR 14,450,000	$1,046	-IDR 690,000	-$50	FD Jabodetabek
PPRC	IDR 16,510,000	$1,195	-IDR 690,000	-$50	FD Jabodetabek
PPBC	IDR 15,270,000	$1,105	-IDR 550,000	-$40	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 13,821

Indonesian players informed that traders in the distribution market have been aggressively adjusting offers over the past several trading days to mobilize more cargoes in expectation of a bearish outlook in the near term.

“We continue to monitor the impact of the COVID-19 outbreak on the market and the progress of new startup within Southeast Asia. At the moment, deals in the distribution market are much lower than the official price list,” a trader said.

Country
Indonesia