May 28, 2022 3:24 p.m.

Key Indonesian producer opens third price list this week

Players fear the declining sentiment in China as the Lunar New Year draws near and the sharp uptick in prices would unavoidably attract Chinese cargoes.

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A key domestic producer in Indonesia has opened the third price list this week with additional increases on PP cargoes claiming the strong sentiment in the import ground and the persistent supply tightness 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 of19 Jan. 22

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 20,290,000

$1,415

-

-

FD Jabodetabek

mPE

IDR 22,740,000

$1,586

-

-

FD Jabodetabek

LL inj

IDR 21,230,000

$1,480

-

-

FD Jabodetabek

HD film

IDR 19,430,000

$1,355

-

-

FD Jabodetabek

HD yarn

IDR 19,430,000

$1,355

-

-

FD Jabodetabek

HD blow

IDR 19,650,000

$1,370

-

-

FD Jabodetabek

IPP (PP Film)

IDR 22,240,000

$1,551

+IDR 290,000

+$20

FD Jabodetabek

PPH yarn

IDR 21,730,000

$1,515

+IDR 290,000

+$20

FD Jabodetabek

PPH inj

IDR 21,730,000

$1,515

+IDR 290,000

+$20

FD Jabodetabek

PP thin wall

IDR 22,520,000

$1,636

+IDR 280,000

+$20

FD Jabodetabek

BOPP

IDR 22,020,000

$1,535

+IDR 290,000

+$20

FD Jabodetabek

PP coating

IDR 22,240,000

$1,551

+IDR 290,000

+$20

FD Jabodetabek

PP thermo

IDR 22,090,000

$1,540

+IDR 290,000

+$20

FD Jabodetabek

PPRC

IDR 24,610,000

$1,716

+IDR 290,000

+$20

FD Jabodetabek

PPBC

IDR 22,610,000

$1,577

+IDR 280,000

+$20

FD Jabodetabek

*All prices are excluded of 10% VAT

*Exchange Rate: USD 1 = IDR 14,341

 

Trading activities retreated further as buyers decided to postpone new purchases to assess the near-term outlook before making decisions. Players fear the declining sentiment in China as the Lunar New Year draws near and the sharp uptick in prices would unavoidably attract Chinese cargoes.

In fact, at the time of this report, a key Chinese producer has opened new export offers after weeks of absence at $1195/ton FOB China for both yarn and injection grades. 

 

“Large-scale buyers would flock to the import ground to search for more competitive parcels. However, everyone is cautious. Supply might improve visibly after the Spring Festival,” a market source said.   

Country

Indonesia