Mar 29, 2024 5:02 a.m.

Domestic producer continues to cut PP, PE offers in Indonesia

Sources said that the reductions in PP prices are very much expected considering the fact that import offers from non-dutiable origins have already breached far below the $1000/ton threshold since the previous week.

Title

Available in

A major local producer in Indonesia once again decided to cut spot PP and PE offers at the beginning of the week under pressure from the stubbornly weak demand condition and the relentless softening import offers. This is the fourth week in a row the producer reduces offers.

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

Material

Price List as of 29 May. 23

USD Equivalent

W.O.W Changes

USD Equivalent

Term

Combined and reported by CommoPlast

LL film

IDR 16,200,000

$1,087

-IDR 180,000

-$12

FD Jabodetabek

mPE

IDR 18,230,000

$1,223

+IDR 140,000

+$9

FD Jabodetabek

LL inj

IDR 16,820,000

$1,129

-IDR 300,000

-$20

FD Jabodetabek

HD film

IDR 16,880,000

$1,133

-IDR 20,000

-$1

FD Jabodetabek

HD yarn

IDR 16,880,000

$1,133

-IDR 20,000

-$1

FD Jabodetabek

HD blow

IDR 17,550,000

$1,178

+IDR 130,000

+$9

FD Jabodetabek

IPP (PP Film)

IDR 16,350,000

$1,097

-IDR 330,000

-$22

FD Jabodetabek

PPH yarn

IDR 15,600,000

$1,047

-IDR 330,000

-$22

FD Jabodetabek

PPH inj

IDR 15,600,000

$1,047

-IDR 330,000

-$22

FD Jabodetabek

PP thin wall

IDR 16,130,000

$1,082

-IDR 750,000

-$50

FD Jabodetabek

BOPP

IDR 15,900,000

$1,067

-IDR 330,000

-$22

FD Jabodetabek

PP coating

IDR 15,900,000

$1,067

-IDR 330,000

-$22

FD Jabodetabek

PP thermo

IDR 15,900,000

$1,067

-IDR 480,000

-$32

FD Jabodetabek

PPRC

IDR 18,150,000

$1,218

-IDR 460,000

-$31

FD Jabodetabek

PPBC

IDR 17,850,000

$1,198

-IDR 460,000

-$31

FD Jabodetabek

*All prices are excluded of 11% VAT

*Exchange Rate: USD 1 = IDR 14,994

*Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000

 

Sources said that the reductions in PP prices are very much expected considering the fact that import offers from non-dutiable origins have already breached far below the $1000/ton threshold since the previous week. “Besides, traders have been aggressively pushing forward selling cargoes at much lower levels. Everyone is trying to secure deals instead of holding on to the stocks,” added, a market source.

 

On the contrary, purchasing activities for HDPE and LLDPE film remain relatively stable albeit buyers prefer to source just small quantities at a time.