Local PP, PE market extended firming trend in Indonesia, except mPE
Local PP, PE market extended firming trend in Indonesia, except mPE
A key local producer in Indonesia has once again lifted spot PP and PE offers, which is much in line with the market expectation considering the weakening Rupiah against the US dollar. However, metallocene PE does not appear to have the same support as offer for this grade has been tracking the stable to softening trend since mid-April.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of25 Jun. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 22,060,000 |
$1,487 |
+IDR 250,000 |
+$17 |
FD Jabodetabek |
|
mPE |
IDR 23,260,000 |
$1,568 |
-IDR 450,000 |
-$30 |
FD Jabodetabek |
|
LL inj |
IDR 22,820,000 |
$1,538 |
+IDR 280,000 |
+$19 |
FD Jabodetabek |
|
HD film |
IDR 21,760,000 |
$1,467 |
+IDR 210,000 |
+$14 |
FD Jabodetabek |
|
HD yarn |
IDR 22,070,000 |
$1,488 |
+IDR 210,000 |
+$14 |
FD Jabodetabek |
|
HD blow |
IDR 22,060,000 |
$1,487 |
+IDR 280,000 |
+$19 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,810,000 |
$1,538 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,540,000 |
$1,452 |
+IDR 250,000 |
+$17 |
FD Jabodetabek |
|
PPH inj |
IDR 21,540,000 |
$1,452 |
+IDR 250,000 |
+$17 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,540,000 |
$1,520 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 22,280,000 |
$1,502 |
+IDR 250,000 |
+$17 |
FD Jabodetabek |
|
PP coating |
IDR 22,280,000 |
$1,502 |
+IDR 250,000 |
+$17 |
FD Jabodetabek |
|
PP thermo |
IDR 21,920,000 |
$1,478 |
+IDR 260,000 |
+$18 |
FD Jabodetabek |
|
PPRC |
IDR 23,490,000 |
$1,584 |
+IDR 280,000 |
+$19 |
FD Jabodetabek |
|
PPBC |
IDR 22,660,000 |
$1,528 |
+IDR 360,000 |
+$24 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,833 |
|||||
On the other hand, the demand condition has not changed. As reported earlier, many manufacturers have replenished comfortably for the next couple of months, hence, prefer to wait on the sideline to monitor further development.