Indonesian maker lifted local LLDPE film offers while maintaining other grades stable
Traders have highlighted that the local market is unlikely to see relief in the near term, as supply constraints persist and alternative sources remain limited. This situation is expected to further strain local converters, who are already grappling with dwindling end-product demand.
An Indonesian producer unexpectedly raised local spot prices for LLDPE film while keeping other polyethylene grades unchanged, citing tightening supply conditions. The price increase follows strong sales performance from the previous week and was exacerbated by an unscheduled maintenance shutdown at a competing PE plant.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 24 Sept. 2024 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,050,000 |
$1,123 |
+IDR 310,000 |
+$20 |
FD Jabodetabek |
|
mPE |
IDR 20,280,000 |
$1,336 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,260,000 |
$1,203 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 16,900,000 |
$1,113 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,760,000 |
$1,170 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 18,420,000 |
$1,213 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,680,000 |
$1,231 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 17,180,000 |
$1,132 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 17,180,000 |
$1,132 |
- |
- |
FD Jabodetabek |
|
PP thin wall |
IDR 17,800,000 |
$1,173 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 17,520,000 |
$1,154 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 17,520,000 |
$1,154 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 17,660,000 |
$1,163 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 20,880,000 |
$1,375 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 19,440,000 |
$1,281 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,180 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
As reported, PT Lotte Chemical Titan Nusantara recently initiated an unplanned shutdown of its PE plant in Cilegon, Indonesia, which is expected to last until early October 2024.
Local traders, already reacting to tighter supply conditions, raised selling prices last week. “The shutdown at PT Lotte Chemical Titan Nusantara adds further pressure on the already constrained market,” one trader stated. Despite resistance from buyers, many find themselves forced to accept the higher prices due to immediate production needs, leaving them with little bargaining power in challenging market conditions.
Traders have highlighted that the local market is unlikely to see relief in the near term, as supply constraints persist and alternative sources remain limited. This situation is expected to further strain local converters, who are already grappling with dwindling end-product demand.
Written by: Henny Sunarto
Edited by: Rochelle Nguyen