Indonesian producer surprisingly lifted local PE offers for the second time this week.
Delays in delivery of previously purchased parcels coupled with the strong upstream cost outlook are cited as the primary support behind the latest hikes.
An Indonesian producer surprisingly lifted spot PE offers for the second time this week even though purchasing activities here have been soft due to weakening finished goods demand. Delays in delivery of previously purchased parcels coupled with the strong upstream cost outlook are cited as the primary support behind the latest hikes.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List on 21 Sept. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,500,000 |
$1,204 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
mPE |
IDR 20,160,000 |
$1,312 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
LL inj |
IDR 19,110,000 |
$1,244 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
HD film |
IDR 19,000,000 |
$1,237 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
HD yarn |
IDR 19,000,000 |
$1,237 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
HD blow |
IDR 19,410,000 |
$1,263 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,040,000 |
$1,174 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 17,040,000 |
$1,109 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 17,040,000 |
$1,109 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 17,580,000 |
$1,144 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 17,730,000 |
$1,154 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 17,730,000 |
$1,154 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 17,350,000 |
$1,129 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 19,040,000 |
$1,239 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 18,780,000 |
$1,222 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,359 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
The abrupt price adjustment stirred local trading sentiment. The distribution market immediately lifted offers to mirror the producer’s price decision.
A trader said, “Customers started to inquire about HDPE film cargoes because of the tighter availability for this grade, but responses toward LLDPE and LDPE film remain mediocre.”