Domestic PP, PE offers in Indonesia extended the firming trend amid tight availability
Indonesian customers have been slowing down on purchases since last week while escalating the effort to transfer the rising raw materials costs to finished products, which proved to be more challenging than expected.
Local PP and PE offers in Indonesia continue to gallop higher after a major domestic producer announced a fresh weekly price list with moderate increases. Spot availability remains limited for both PP and PE, which support the price decisions, however, buying interest falls visibly.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 29 Jul. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,450,000 |
$1,157 |
+IDR 500,000 |
+$33 |
FD Jabodetabek |
|
mPE |
IDR 18,690,000 |
$1,239 |
IDR 0 |
$0 |
FD Jabodetabek |
|
LL inj |
IDR 18,040,000 |
$1,196 |
+IDR 490,000 |
+$32 |
FD Jabodetabek |
|
HD film |
IDR 17,710,000 |
$1,174 |
+IDR 350,000 |
+$23 |
FD Jabodetabek |
|
HD yarn |
IDR 17,710,000 |
$1,174 |
+IDR 350,000 |
+$23 |
FD Jabodetabek |
|
HD blow |
IDR 17,860,000 |
$1,184 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 16,700,000 |
$1,107 |
+IDR 190,000 |
+$13 |
FD Jabodetabek |
|
PPH yarn |
IDR 15,940,000 |
$1,057 |
+IDR 330,000 |
+$22 |
FD Jabodetabek |
|
PPH inj |
IDR 15,940,000 |
$1,057 |
+IDR 330,000 |
+$22 |
FD Jabodetabek |
|
PP thin wall |
IDR 16,470,000 |
$1,092 |
+IDR 340,000 |
+$23 |
FD Jabodetabek |
|
BOPP |
IDR 16,250,000 |
$1,078 |
+IDR 190,000 |
+$13 |
FD Jabodetabek |
|
PP coating |
IDR 16,250,000 |
$1,078 |
+IDR 190,000 |
+$13 |
FD Jabodetabek |
|
PP thermo |
IDR 16,250,000 |
$1,078 |
+IDR 340,000 |
+$23 |
FD Jabodetabek |
|
PPRC |
IDR 17,530,000 |
$1,162 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PPBC |
IDR 16,970,000 |
$1,125 |
+IDR 110,000 |
+$7 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,081 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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Indonesian customers have been slowing down on purchases since last week while escalating the effort to transfer the rising raw materials costs to finished products, which proved to be more challenging than expected.
“The price risks are heightening. We have stocked up a month’s worth of inventories and prefer to source back-to-back in the near term. We started seeing more traders offering forward selling cargoes at attractive price levels, which are very appealing,” said, an HDPE bag maker.
Meanwhile, sources reported easing supply tightness for PP cargoes. However, the availability is still not substantial enough to induce reductions on spot offers at the moment.