Indonesian producer lifted local PP and PE offers larger than expected
As reported earlier, the heavy congestion in transshipment ports including Port Klang and Singapore has forced a number of international suppliers to issue official statements
The Indonesian PP and PE market kickstarted the week on a strong note as the depreciation of the Rupiah against the US dollar once again played a major role in pushing spot offers higher. Buyers are rather surprised by the large price hikes while monitoring closely the market development for opportunities to make replenishment.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 01 Jun. 2024 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 20,860,000 |
$1,284 |
+IDR 150,000 |
+$9 |
FD Jabodetabek |
|
mPE |
IDR 21,720,000 |
$1,337 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
LL inj |
IDR 21,480,000 |
$1,322 |
+IDR 170,000 |
+$10 |
FD Jabodetabek |
|
HD film |
IDR 20,650,000 |
$1,271 |
+IDR 470,000 |
+$29 |
FD Jabodetabek |
|
HD yarn |
IDR 20,490,000 |
$1,261 |
+IDR 470,000 |
+$29 |
FD Jabodetabek |
|
HD blow |
IDR 20,670,000 |
$1,272 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 21,560,000 |
$1,327 |
+IDR 170,000 |
+$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,490,000 |
$1,261 |
+IDR 470,000 |
+$29 |
FD Jabodetabek |
|
PPH inj |
IDR 20,490,000 |
$1,261 |
+IDR 470,000 |
+$29 |
FD Jabodetabek |
|
PP thin wall |
IDR 21,070,000 |
$1,297 |
+IDR 480,000 |
+$30 |
FD Jabodetabek |
|
BOPP |
IDR 20,990,000 |
$1,292 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 20,990,000 |
$1,292 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 20,650,000 |
$1,271 |
+IDR 470,000 |
+$29 |
FD Jabodetabek |
|
PPRC |
IDR 22,290,000 |
$1,372 |
+IDR 170,000 |
+$10 |
FD Jabodetabek |
|
PPBC |
IDR 21,150,000 |
$1,302 |
+IDR 160,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 16,244 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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“Besides the exchange rates, we think the growing expectations over the possible delays in import arrivals also contributed to the upswing. We are monitoring the situation to make some purchases,” a buyer commented.
The source reportedly carries stocks until July while outlining the plan to replenish additional cargoes within this month.
As reported earlier, the heavy congestion in transshipment ports including Port Klang and Singapore has forced a number of international suppliers to issue official statements to their customers pertaining to the delays in delivery. Some cargoes might need double the amount of time usually needed to reach buyers.
The situation might create a short-term supply tightness in the local ground, which coincides with the restocking cycle among manufacturers, and would push spot offers higher.