Domestic PP, PE market in Indonesia enters stable to firmer trend
For the second week in a row, a key domestic producer in Indonesia maintain a firm stance on spot PP and PE cargoes despite the weakening purchasing activities
For the second week in a row, a key domestic producer in Indonesia maintain a firm stance on spot PP and PE cargoes despite the weakening purchasing activities as this market starts to embrace the Eid Fitr holiday.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 15 Apr. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,790,000 |
$1,208 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 19,690,000 |
$1,337 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,390,000 |
$1,249 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,840,000 |
$1,211 |
+IDR 430,000 |
+$29 |
FD Jabodetabek |
|
HD yarn |
IDR 17,840,000 |
$1,211 |
+IDR 430,000 |
+$29 |
FD Jabodetabek |
|
HD blow |
IDR 18,190,000 |
$1,235 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,920,000 |
$1,217 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,320,000 |
$1,176 |
+IDR 70,000 |
+$5 |
FD Jabodetabek |
|
PPH inj |
IDR 17,320,000 |
$1,176 |
+IDR 70,000 |
+$5 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,850,000 |
$1,212 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
BOPP |
IDR 17,620,000 |
$1,196 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
PP coating |
IDR 17,620,000 |
$1,196 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
PP thermo |
IDR 17,620,000 |
$1,196 |
+IDR 60,000 |
+$4 |
FD Jabodetabek |
|
PPRC |
IDR 19,150,000 |
$1,300 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 18,850,000 |
$1,280 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 14,728 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
The firmer offers, particularly on HDPE cargoes are attributed to the reduced sales pressure even though the Rupiah continues to strengthen against the US dollar, which usually drags commodity prices lower.
“We do not expect strong trading activities this week because many companies have already taken off for the holiday. The increases might only be for the purpose of illustration,” said, a market source.
Late last week, a couple of Vietnamese suppliers softened their stance on import homo-PP offers to Indonesia due to the persistently subdue demand condition. Players are monitoring further movement in the import market this week to gauge the appropriate price levels on the domestic ground.