CommoPlast

Local PP offers climb higher in Indonesia; PE holds steady

Local PP offers climb higher in Indonesia; PE holds steady



A major local producer in Indonesia has opened fresh weekly offers for both PP and PE to domestic buyers. The latest price list sees another round of price increment for PP cargoes while PE remains unchanged from the previous week.

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

Material

Price List as of 9 Nov. 2020

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 15,420,000

$1,084

-

-

FD Jabodetabek

mPE

IDR 17,890,000

$1,257

-

-

FD Jabodetabek

LL inj

IDR 16,690,000

$1,173

-

-

FD Jabodetabek

HD film

IDR 15,890,000

$1,117

-

-

FD Jabodetabek

HD yarn

IDR 15,890,000

$1,117

-

-

FD Jabodetabek

HD blow

IDR 15,780,000

$1,109

-

-

FD Jabodetabek

IPP (PP Film)

IDR 19,210,000

$1,350

IDR 660,000

$46

FD Jabodetabek

PPH yarn

IDR 18,570,000

$1,305

IDR 660,000

$46

FD Jabodetabek

PPH inj

IDR 18,570,000

$1,305

IDR 660,000

$46

FD Jabodetabek

BOPP

IDR 18,720,000

$1,315

IDR 510,000

$36

FD Jabodetabek

PP coating

IDR 18,720,000

$1,315

IDR 510,000

$36

FD Jabodetabek

PP thermo

IDR 19,000,000

$1,335

IDR 660,000

$46

FD Jabodetabek

PPRC

IDR 20,700,000

$1,455

IDR 660,000

$46

FD Jabodetabek

PPBC

IDR 18,490,000

$1,299

IDR 370,000

$26

FD Jabodetabek

*All prices are excluded of 10% VAT

*Exchange Rate: USD 1 = IDR 14,231

 

Interestingly, the drastic appreciation of the Indonesian Rupiah against the US dollar has not affected the price trend as the market is heavily driven by the supply condition at the moment. 

“We are still fulfilling the previous PO for end products at the moment with very limited new orders coming in. This is because our customers couldn’t accept the current raw material prices, therefore, we prefer to only restock cargoes once new orders are confirmed,” a manufacturer reported. 

It is expected that buyers would seek PP quantities in the import ground, leveraging the strong Rupiah in the coming days. 

 


Country
Indonesia