Key Indonesian producer announced weekly PP and PE offers on a mixed note
According to market sources, weak demand coupled with the presence of more attractive cargoes in the distribution and import market weighed heavily on the homo-PP sector.
Over the weekend, a major Indonesian producer opened weekly PP and PE offers to the local market with minor reductions on homo-PP grades while lifting PE and copolymer PP grades. Trading sentiment in this market is rather quiet due to the ongoing holiday on 17 and 18 June 2024.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 15 Jun. 2024 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,080,000 |
$1,283 |
+IDR 40,000 |
+$2 |
FD Jabodetabek |
|
mPE |
IDR 22,270,000 |
$1,356 |
+IDR 360,000 |
$22 |
FD Jabodetabek |
|
LL inj |
IDR 21,700,000 |
$1,321 |
+IDR 40,000 |
+$2 |
FD Jabodetabek |
|
HD film |
IDR 20,540,000 |
$1,250 |
+IDR 40,000 |
+$2 |
FD Jabodetabek |
|
HD yarn |
IDR 20,370,000 |
$1,240 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
HD blow |
IDR 21,040,000 |
$1,281 |
+IDR 30,000 |
+$2 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,020,000 |
$1,341 |
-IDR 50,000 |
-$3 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,540,000 |
$1,250 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
PPH inj |
IDR 20,540,000 |
$1,250 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
PP thin wall |
IDR 21,120,000 |
$1,286 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
BOPP |
IDR 21,040,000 |
$1,281 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
PP coating |
IDR 21,040,000 |
$1,281 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
PP thermo |
IDR 20,700,000 |
$1,260 |
-IDR 130,000 |
-$8 |
FD Jabodetabek |
|
PPRC |
IDR 22,510,000 |
$1,370 |
+IDR 190,000 |
+$12 |
FD Jabodetabek |
|
PPBC |
IDR 21,210,000 |
$1,291 |
+IDR 40,000 |
+$2 |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 16,426 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
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According to market sources, weak demand coupled with the presence of more attractive cargoes in the distribution and import market weighed heavily on the homo-PP sector. The downward adjustment is necessary to narrow the price gaps.
“Besides, the producer is preparing to bring back the PP unit from the maintenance shutdown. Supply is poised to improve,” a trader said.
A large part of the Indonesian converters claimed to have stocked up comfortably to cover the immediate production needs, and therefore, prefer to wait on the sideline. The sluggish finished goods market further discouraged any stock-building activities.