CommoPlast | Article - Local PP, PE market in Indonesia loses steam as weak demand triumph

The latest spot PP and PE offers from a key domestic producer in Indonesia tracked a stable to softer trend with an exception for HDPE film and HDPE yarn, as the stiff market resistance took a winning in the latest tug-of-war.

The producer’s latest price list and changes compared to last week are shown in the following table:

Material	Price List as of 11 Feb. 23	USD Equivalent	W.O.W Changes	USD Equivalent	Term
*Combined and reported by CommoPlast*
LL film	IDR 18,960,000	$1,250	-	-	FD Jabodetabek
mPE	IDR 20,940,000	$1,381	-	-	FD Jabodetabek
LL inj	IDR 19,700,000	$1,299	-	-	FD Jabodetabek
HD film	IDR 19,080,000	$1,258	+IDR 280,000	+$18	FD Jabodetabek
HD yarn	IDR 19,080,000	$1,258	+IDR 280,000	+$18	FD Jabodetabek
HD blow	IDR 19,490,000	$1,285	-	-	FD Jabodetabek
IPP (PP Film)	IDR 21,440,000	$1,414	-	-	FD Jabodetabek
PPH yarn	IDR 20,050,000	$1,322	-IDR 80,000	-$5	FD Jabodetabek
PPH inj	IDR 19,900,000	$1,312	-IDR 10,000	-$1	FD Jabodetabek
PP thin wall	IDR 20,530,000	$1,354	-	-	FD Jabodetabek
BOPP	IDR 20,520,000	$1,353	-IDR 80,000	-$5	FD Jabodetabek
PP coating	IDR 20,520,000	$1,353	-IDR 80,000	-$5	FD Jabodetabek
PP thermo	IDR 20,600,000	$1,359	-IDR 80,000	-$5	FD Jabodetabek
PPRC	IDR 21,780,000	$1,436	-	-	FD Jabodetabek
PPBC	IDR 20,840,000	$1,374	-	-	FD Jabodetabek
All prices are excluded of 10% VAT Exchange Rate: USD 1 = IDR 15,163 *Transportation Cost: West Java = IDR 60.000, Central Java & East Java = IDR 250.000

The influx of competitive Chinese materials further favours buyers’ position. Sources said that the minor price cuts from the producer generated little buying interest since traders had been slashing prices several times last week.

“The local market has to come down. Offers are too high and the finished goods market could not catch up. Our customers have completed replenishment and have been waiting on the sidelines for a couple of weeks now. The market is rather quiet,” a trader added.