CommoPlast Article

Indonesian buyers on the first trading day of the week reported having received fresh PP and PE offers from a major local producer with significant cuts compared to the previous price announcement due to the persistently sluggish demand in this market.

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

Material	Price List as of 11 Jan. 21	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 17,420,000	$1,233	-IDR 570,000	-$40	FD Jabodetabek
mPE	IDR 18,610,000	$1,318	-IDR 570,000	-$40	FD Jabodetabek
LL inj	IDR 18,890,000	$1,337	-IDR 570,000	-$40	FD Jabodetabek
HD film	IDR 17,550,000	$1,243	-IDR 420,000	-$30	FD Jabodetabek
HD yarn	IDR 17,480,000	$1,238	-IDR 420,000	-$30	FD Jabodetabek
HD blow	IDR 18,230,000	$1,291	-	-	FD Jabodetabek
IPP (PP Film)	IDR 21,180,000	$1,500	-IDR 430,000	-$30	FD Jabodetabek
PPH yarn	IDR 20,830,000	$1,475	-IDR 420,000	-$30	FD Jabodetabek
PPH inj	IDR 20,830,000	$1,475	-IDR 420,000	-$30	FD Jabodetabek
BOPP	IDR 20,830,000	$1,475	-IDR 430,000	-$30	FD Jabodetabek
PP coating	IDR 20,830,000	$1,475	-IDR 430,000	-$30	FD Jabodetabek
PP thermo	IDR 21,260,000	$1,505	-IDR 430,000	-$30	FD Jabodetabek
PPRC	IDR 23,410,000	$1,657	-	-	FD Jabodetabek
PPBC	IDR 22,190,000	$1,571	-	-	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,124

Local demand in Indonesia has been relatively weak since the beginning of the year as manufacturers continue to face difficulties to implement any increases on end-product prices while the outlook is threatened by the renewed COVID-19 lockdown.

“We expect the local market to extend the weakening trend in the coming day. The local market is very slow and the gradual arrival of previously purchased imported cargoes would pressure the sentiment further,” a market source added.

Local producer slashed PP, PE offers in Indonesia