Local producer rollovers PP, PE offers in Indonesia as weak demand persists.
Sources said the continued lack of ready-stock cargoes is the main factor supporting the firm price decisions from the producer at the moment.
As trading sentiment in the local market deteriorated visibly, a key Indonesian producer decided to halt the continuous firming trend since late June to keep the spot PP and PE price lists stable from the previous week.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 04 Sept. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,940,000 |
$1,180 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 19,430,000 |
$1,278 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,540,000 |
$1,219 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 18,360,000 |
$1,208 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 18,360,000 |
$1,208 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 18,390,000 |
$1,210 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,640,000 |
$1,160 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 16,640,000 |
$1,094 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 16,640,000 |
$1,094 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 17,170,000 |
$1,129 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 17,330,000 |
$1,140 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 17,330,000 |
$1,140 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 16,940,000 |
$1,114 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 18,870,000 |
$1,241 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 18,070,000 |
$1,189 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,204 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
Over the past week, a number of previously purchased imported cargoes have arrived at the market, however, the impact on the spot supply remained insignificant as most of these quantities have already been pre-booked. Sources said the continued lack of ready-stock cargoes is the main factor supporting the firm price decisions from the producer at the moment.
“Even the PE packaging sector started entering a downcycle. In the Jabodetabek area, converters are even re-selling on-hand HDPE film stocks. To make matters worse, traders are offering locally held Malaysian HDPE and LLDPE film at discounted levels. Our sales results are discouraging this week,” a trader complained.