Local PP, PE market extended the firming trend in Indonesia, exchange rates in focus.
Besides the strong upstream costs, the depreciating Rupiah against the US dollar also justified the latest hikes, market sources said.
A key local producer in Indonesia continued to lift spot PP and PE offers over the weekend, shrugging off the rising resistance from buyers that has been causing sluggish trading sentiment over the past weeks. Besides the strong upstream costs, the depreciating Rupiah against the US dollar also justified the latest hikes, market sources said.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 18 Sept. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,200,000 |
$1,185 |
+IDR 90,000 |
+$6 |
FD Jabodetabek |
|
mPE |
IDR 19,850,000 |
$1,292 |
+IDR 400,000 |
+$26 |
FD Jabodetabek |
|
LL inj |
IDR 18,800,000 |
$1,224 |
+IDR 90,000 |
+$6 |
FD Jabodetabek |
|
HD film |
IDR 18,690,000 |
$1,217 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
HD yarn |
IDR 18,690,000 |
$1,217 |
+IDR 320,000 |
+$21 |
FD Jabodetabek |
|
HD blow |
IDR 19,110,000 |
$1,244 |
+IDR 550,000 |
+$36 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,040,000 |
$1,174 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,040,000 |
$1,109 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PPH inj |
IDR 17,040,000 |
$1,109 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,580,000 |
$1,144 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
BOPP |
IDR 17,730,000 |
$1,154 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PP coating |
IDR 17,730,000 |
$1,154 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PP thermo |
IDR 17,350,000 |
$1,129 |
+IDR 80,000 |
+$5 |
FD Jabodetabek |
|
PPRC |
IDR 19,040,000 |
$1,239 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 18,780,000 |
$1,222 |
+IDR 470,000 |
+$31 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,363 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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Trades are thin on the first day of the week. Indonesian buyers from both the PP and PE markets remained on the sideline due to falling finished goods orders for the fourth quarter of the year. As reported earlier, a number of converters even offered on-hand raw materials stocks to the spot market claiming better margins.
“The HDPE market enjoys support from supply tightness, however, with more cargoes scheduled to arrive to the market in the next several weeks, the upward momentum might lose steam. Sales are slow,” a trading house commented.