Domestic producer continued cutting PP, PE offers in Indonesia
Domestic producer continued cutting PP, PE offers in Indonesia
Over the weekend, a major local producer in Indonesia introduced additional price cuts on PP and PE offers, shrugging off the depreciated Rupiah against the US dollar as demand deteriorated further.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 15 Oct. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,410,000 |
$1,193 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
mPE |
IDR 18,800,000 |
$1,218 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
LL inj |
IDR 18,950,000 |
$1,228 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
HD film |
IDR 19,030,000 |
$1,233 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
HD yarn |
IDR 19,030,000 |
$1,233 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
HD blow |
IDR 19,340,000 |
$1,253 |
-IDR 190,000 |
-$12 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,340,000 |
$1,189 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,720,000 |
$1,148 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PPH inj |
IDR 17,720,000 |
$1,148 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PP thin wall |
IDR 18,490,000 |
$1,198 |
-IDR 250,000 |
-$16 |
FD Jabodetabek |
|
BOPP |
IDR 18,180,000 |
$1,178 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PP coating |
IDR 18,180,000 |
$1,178 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PP thermo |
IDR 18,260,000 |
$1,183 |
-IDR 200,000 |
-$13 |
FD Jabodetabek |
|
PPRC |
IDR 20,340,000 |
$1,318 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PPBC |
IDR 18,640,000 |
$1,208 |
+IDR 100,000 |
+$6 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 15,431 |
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At the time of this report, many buyers continue to search for more competitive cargoes in the distribution market. Data from CommoPlast shows that spot homo-PP yarn and injection offered by traders are IDR470,000/ton ($30/ton) below the producer’s list price. Meanwhile, for LLDPE film, depending on the origin and the grade, the price gap is between IDR 410,000 - 1,110,000/ton ($27 – 71/ton).
“Buyers remain very cautious in making fresh purchases. There are no strong supports for a rebound, yet, squeezed margins encourage sellers to limit any potential price cuts. This condition might persist in the near-term,” a trader added.