Local PP, PE offers in Indonesia steadied amid dwindling demand conditions
Indonesian customers have been slowing down purchases since the start of May claiming comfortable on-hand stocks while focusing on transferring the costs to finished goods selling prices.
Over the weekend, a major local producer in Indonesia announced weekly PP and PE offers to domestic buyers with slight changes as the producer weighed currency exchange rate concerns against reduced demand conditions.
The latest price list from producer and their changes compared to last week are shown in the following table:
|
Material |
Price List as of 06 May. 24 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 20,930,000 |
$1,307 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
mPE |
IDR 21,950,000 |
$1,371 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
LL inj |
IDR 21,730,000 |
$1,357 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
HD film |
IDR 20,640,000 |
$1,289 |
-IDR 70,000 |
-$4 |
FD Jabodetabek |
|
HD yarn |
IDR 20,490,000 |
$1,279 |
-IDR 80,000 |
-$5 |
FD Jabodetabek |
|
HD blow |
IDR 21,080,000 |
$1,316 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,570,000 |
$1,409 |
+IDR 20,000 |
+$1 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,590,000 |
$1,348 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
PPH inj |
IDR 21,590,000 |
$1,348 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,160,000 |
$1,384 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
BOPP |
IDR 22,730,000 |
$1,419 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
PP coating |
IDR 22,730,000 |
$1,419 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
PP thermo |
IDR 22,080,000 |
$1,379 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
PPRC |
IDR 23,450,000 |
$1,464 |
-IDR 310,000 |
-$19 |
FD Jabodetabek |
|
PPBC |
IDR 22,630,000 |
$1,413 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 16,016 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
Indonesian customers have been slowing down purchases since the start of May claiming comfortable on-hand stocks while focusing on transferring the costs to finished goods selling prices. Nevertheless, suppliers are in no rush to make any substantial downward price adjustments given the absence of sales pressure.
“The Rupiah regained some strength at the start of the week, which might impact spot PP and PE offers in the coming days. In the meantime, we are monitoring the post-Labour Day demand conditions in China to gauge the feasibility of buying imported cargoes,” a buyer commented.
Data from Oanda showed that the Rupiah breached below the 16,000 to a dollar threshold for the first time since 12 April 2024 this morning, 06 May 2024, on reviving hope that the FED might cut key lending rates as early as September.