Indonesian producer lifts local PP prices second time in a week
Indonesian producer lifts local PP prices second time in a week
On the final trading day of the week, a major local producer in Indonesia implemented additional increases on spot PP cargoes as the local supply is expected to curtail further after Polytama announced the maintenance shutdown schedule in the coming month.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of7 Jan. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 20,150,000 |
$1,421 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 22,380,000 |
$1,579 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 21,090,000 |
$1,488 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 19,290,000 |
$1,361 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 19,290,000 |
$1,361 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 19,650,000 |
$1,386 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,160,000 |
$1,493 |
+IDR 150,000 |
$11 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,650,000 |
$1,457 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPH inj |
IDR 20,580,000 |
$1,452 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP thin wall |
IDR 21,230,000 |
$1,542 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
BOPP |
IDR 20,940,000 |
$1,477 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 20,940,000 |
$1,477 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 20,650,000 |
$1,457 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPRC |
IDR 24,460,000 |
$1,725 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 21,890,000 |
$1,544 |
+IDR 140,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,177 |
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The local PP market has been firming up for a couple of weeks even though demand remains soft. Large-scale buyers are turning to the import market to make additional replenishment while small to medium-scale buyers would only buy hand-to-mouth amid the sluggish end-product businesses.
“Purchasing activities slow down visibly. Everyone is waiting for the Ramadan demand to emerge, in the meantime, we would monitor if demand could catch up with the current rate of price hike,” a trader commented.