Local PP, PE offers in Indonesia remains largely unchanged in Indonesia
As discussed earlier, the twelve months uptrend has reached a plateau and is likely to see minor corrections as sellers attempt to attract sales ahead of the fasting month and the Ramadan season.
A key Indonesian producer decided to roll over spot PP and PE offers in the local market as the influx of Chinese materials coupled with the weak demand counterbalance the tight global supply.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 20 Feb. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,960,000 |
$1,252 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 20,940,000 |
$1,383 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 19,700,000 |
$1,301 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 19,230,000 |
$1,270 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
HD yarn |
IDR 19,230,000 |
$1,270 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
HD blow |
IDR 19,490,000 |
$1,287 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,440,000 |
$1,416 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 20,050,000 |
$1,324 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 19,910,000 |
$1,315 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 20,530,000 |
$1,355 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 20,520,000 |
$1,355 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 20,520,000 |
$1,355 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 20,600,000 |
$1,360 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 21,780,000 |
$1,438 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 20,840,000 |
$1,376 |
- |
- |
FD Jabodetabek |
|
* All prices are excluded of 10% VAT * Exchange Rate: USD 1 = IDR 15,146 * Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
As discussed earlier, the twelve months uptrend has reached a plateau and is likely to see minor corrections as sellers attempt to attract sales ahead of the fasting month and the Ramadan season.
“The local demand is rather sluggish. Many converters continue to face a lack of demand. Meanwhile, the competition from local traders is fierce,” added, a market source.
In fact, over the past week, some local trading houses down-adjusted spot offers at least twice, making their offers more attractive than the producer. Buyers with urgent needs to make replenishment would prefer to buy from traders to reduce input costs.