Local PP, PE market in Indonesia stabilized following two weeks of weakening
The price decisions are welcomed by the local traders, who also start to be firmer on their prices right ahead of the long Ramadan holiday.
Following two consecutive weeks of steep price cuts, a key domestic producer in Indonesia decided to keep spot PP and PE offers largely stable to reflect the strengthening overseas market despite the appreciation of the Rupiah against the US dollar.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of08 Apr. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,790,000 |
$1,191 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 19,690,000 |
$1,319 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,390,000 |
$1,232 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,410,000 |
$1,166 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,410,000 |
$1,166 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 18,190,000 |
$1,218 |
+IDR 400,000 |
+$27 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,860,000 |
$1,196 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 17,250,000 |
$1,155 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 17,250,000 |
$1,155 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 17,790,000 |
$1,191 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 17,560,000 |
$1,176 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 17,560,000 |
$1,176 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 17,560,000 |
$1,176 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 19,150,000 |
$1,283 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 18,850,000 |
$1,262 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 14,931 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
The price decisions are welcomed by the local traders, who also start to be firmer on their prices right ahead of the long Ramadan holiday.
“Instead of rolling over our offers, we decided to increase spot homo-PP yarn and injection prices after depleting a good number of quantities in the previous week. Buyers have not responded to the adjustment, but we do not think further reductions would be possible, considering the rising import market,” said, a local trading house.
There have been discussions that any attempt to increase prices in the local market would only pave the way for importing Chinese cargo to attract buying attention. With the holidays drawing near, players anticipate dwindling trading sentiment for the next two to three weeks, which might renew the pressure on both producers and traders in Indonesia.