Local producer slashes spot PP prices in Indonesia, keep PE firm
Local producer slashes spot PP prices in Indonesia, keep PE firm
A key local producer in Indonesia has opened fresh weekly prices with moderate price reductions on all PP grades, under extreme pressure from the distribution market; while keeping PE offers on the firming track.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 6 Sept. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,940,000 |
$1,329 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
mPE |
IDR 19,920,000 |
$1,398 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 19,950,000 |
$1,400 |
+IDR 20,000 |
+$1 |
FD Jabodetabek |
|
HD film |
IDR 17,750,000 |
$1,246 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,750,000 |
$1,246 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 18,290,000 |
$1,284 |
+IDR 340,000 |
+$24 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,000,000 |
$1,404 |
-IDR 410,000 |
-$29 |
FD Jabodetabek |
|
PPH yarn |
IDR 19,280,000 |
$1,353 |
-IDR 400,000 |
-$28 |
FD Jabodetabek |
|
PPH inj |
IDR 19,280,000 |
$1,353 |
-IDR 400,000 |
-$28 |
FD Jabodetabek |
|
BOPP |
IDR 19,860,000 |
$1,394 |
-IDR 400,000 |
-$28 |
FD Jabodetabek |
|
PP coating |
IDR 19,860,000 |
$1,394 |
-IDR 400,000 |
-$28 |
FD Jabodetabek |
|
PP thermo |
IDR 19,420,000 |
$1,363 |
-IDR 410,000 |
-$29 |
FD Jabodetabek |
|
PPRC |
IDR 21,880,000 |
$1,536 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
PPBC |
IDR 20,530,000 |
$1,441 |
-IDR 270,000 |
-$19 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,248 |
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Over the past couple of weeks, spot homo-PP yarn and injection cargoes have been transacted in the range of IDR 18,500,000-18,600,000/ton excluding VAT, FD Indonesia, which are way lower than the producer’s official price list.
“It only makes sense for the producer to lower the offers, even though supply is not high. Offers in the distribution market have not changed this week, hence the pressure on the producer,” a market source commented.