Indonesian PP, PE market continued to track firming trend.
Indonesia's domestic PP and PE market remain on the firming track following the latest price announcement from a key domestic producer, driven by the lack of ready-stock cargoes and the strong upstream costs.
Indonesia's domestic PP and PE market remain on the firming track following the latest price announcement from a key domestic producer, driven by the lack of ready-stock cargoes and the strong upstream costs. On the other hand, purchasing interest deteriorates further as buyers resist the current price levels.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 23 Sept. 23 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 18,540,000 |
$1,207 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
mPE |
IDR 20,200,000 |
$1,315 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
LL inj |
IDR 19,140,000 |
$1,246 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
HD film |
IDR 19,270,000 |
$1,254 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
HD yarn |
IDR 19,270,000 |
$1,254 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
HD blow |
IDR 19,610,000 |
$1,276 |
+IDR 200,000 |
+$13 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,080,000 |
$1,177 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
PPH yarn |
IDR 17,070,000 |
$1,111 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPH inj |
IDR 17,070,000 |
$1,111 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PP thin wall |
IDR 17,610,000 |
$1,146 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
BOPP |
IDR 17,770,000 |
$1,157 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
PP coating |
IDR 17,770,000 |
$1,157 |
+IDR 40,000 |
+$3 |
FD Jabodetabek |
|
PP thermo |
IDR 17,380,000 |
$1,131 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
PPRC |
IDR 19,240,000 |
$1,252 |
+IDR 200,000 |
+$13 |
FD Jabodetabek |
|
PPBC |
IDR 19,050,000 |
$1,240 |
+IDR 270,000 |
+$18 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,365 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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Indonesian buyers mostly have stocked up some cargoes over the past week when the upstream crude oil hit ten-month highs. Without any apparent uptick in finished goods demand, converters might prefer to proceed cautiously amid the already thin profit margins.
“However, we expect the firming trend to persist. The shutdown at PT Lotte Chemical Titan Nusantara curbs availability for HDPE severely. Plus, the producer has to protect the bottomline since ethylene and propylene are still firm,” a trader commented.