CommoPlast Article

It is reported that a major local producer in Indonesia has opened fresh weekly PP and PE prices to the domestic market. The new offers see additional price reductions on PP cargoes as a result of weak demand and the continued weakening trend in the import ground.

The following table detail the latest PP and PE offers after the second price adjustment:

Material	Price List as of 29 Mar. 21	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 20,720,000	$1,437	-	-	FD Jabodetabek
mPE	IDR 25,790,000	$1,789	-	-	FD Jabodetabek
LL inj	IDR 21,950,000	$1,523	-	-	FD Jabodetabek
HD film	IDR 20,720,000	$1,437	-	-	FD Jabodetabek
HD yarn	IDR 20,720,000	$1,437	-	-	FD Jabodetabek
HD blow	IDR 21,010,000	$1,458	-	-	FD Jabodetabek
IPP (PP Film)	IDR 25,040,000	$1,737	-IDR 150,000	-$10	FD Jabodetabek
PPH yarn	IDR 24,320,000	$1,687	-IDR 150,000	-$10	FD Jabodetabek
PPH inj	IDR 24,320,000	$1,687	-IDR 150,000	-$10	FD Jabodetabek
BOPP	IDR 24,470,000	$1,698	-IDR 140,000	-$10	FD Jabodetabek
PP coating	IDR 24,470,000	$1,698	-IDR 140,000	-$10	FD Jabodetabek
PP thermo	IDR 24,760,000	$1,718	-IDR 140,000	-$10	FD Jabodetabek
PPRC	IDR 26,480,000	$1,837	-IDR 150,000	-$10	FD Jabodetabek
PPBC	IDR 25,910,000	$1,798	-IDR 430,000	-$30	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 14,414

Players are cautiously monitoring the market development after a fire broke out at Pertamina’s refinery in Balongan that also disrupt propylene supply to another PP producer in the country – Polytama. In the meantime, it is estimated that about 7000-8000 tons of Chinese homo-PP cargoes are slated to arrive at the market by the first half of April, which potentially ease the local supply tightness.

Indonesian producer maintains PE offers unchanged, reducing PP on weak demand