Local PP and PE offers in Indonesia firmed up at a slower pace
Although a key domestic producer in Indonesia continues to lift spot PP and PE offers to reflect the persistently supply tightness, the pace of price increment has somewhat slowed as a result of the rapid deterioration in purchasing interest.
Although a key domestic producer in Indonesia continues to lift spot PP and PE offers to reflect the persistently supply tightness, the pace of price increment has somewhat slowed as a result of the rapid deterioration in purchasing interest.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 05 Aug. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,590,000 |
$1,161 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
mPE |
IDR 18,840,000 |
$1,244 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
LL inj |
IDR 18,180,000 |
$1,200 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
HD film |
IDR 17,840,000 |
$1,178 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
HD yarn |
IDR 17,840,000 |
$1,178 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
HD blow |
IDR 18,000,000 |
$1,188 |
+IDR 140,000 |
+$9 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 16,830,000 |
$1,111 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,060,000 |
$1,060 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PPH inj |
IDR 16,060,000 |
$1,060 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PP thin wall |
IDR 16,600,000 |
$1,096 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
BOPP |
IDR 16,370,000 |
$1,081 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PP coating |
IDR 16,370,000 |
$1,081 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PP thermo |
IDR 16,370,000 |
$1,081 |
+IDR 120,000 |
+$8 |
FD Jabodetabek |
|
PPRC |
IDR 17,660,000 |
$1,166 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
PPBC |
IDR 17,100,000 |
$1,129 |
+IDR 130,000 |
+$9 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,147 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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Sources said that manufacturers across the PP and PE sectors are withdrawing from the market after failing to increase finished goods selling prices. An HDPE bag maker told CommoPlast, “Our customers are willing to place new PO if we maintain the old price. At the moment, we prefer to utilize the on-hand stocks and would only procure more raw materials if our customers accept the hikes.”
Players believed that without support from the demand side, it is challenging for sellers to continue lifting PP and PE prices regardless of the state of the supply conditions. The current upswing might be hitting its peak.