Indonesian major maintained local PP, PE offers steady for the fourth consecutive week
In Indonesia, PP and PE trading activity remains sluggish. After recent replenishment efforts, buyers are now adopting a wait-and-see approach, closely observing both domestic and international political and economic developments to better anticipate potential price shifts towards year-end.
For the fourth consecutive week, a major Indonesian producer has kept spot PP and PE prices steady in the domestic market, despite increasing upward price pressures internationally. Market sources suggest that this strategy reflects the producer’s already high price levels, which limit room for further upward adjustments even as international demand strengthens.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 28 Oct. 2024 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,520,000 |
$1,133 |
- |
- |
FD Jabodetabek |
|
mPE C6 |
IDR 20,390,000 |
$1,319 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,360,000 |
$1,188 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,220,000 |
$1,114 |
- |
- |
FD Jabodetabek |
|
HD yarn |
IDR 17,860,000 |
$1,155 |
- |
- |
FD Jabodetabek |
|
HD Blow |
IDR 18,600,000 |
$1,203 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 18,780,000 |
$1,215 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 17,350,000 |
$1,122 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 17,350,000 |
$1,122 |
- |
- |
FD Jabodetabek |
|
PPH thinwall |
IDR 17,900,000 |
$1,158 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 17,690,000 |
$1,144 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 17,690,000 |
$1,144 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 17,760,000 |
$1,149 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 20,880,000 |
$1,351 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 19,540,000 |
$1,264 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 11% VAT *Exchange Rate: USD 1 = IDR 15,682 *Transportation Cost: West Java = IDR 60,000, Central Java & East Java = IDR 250,000 |
|||||
In Indonesia, PP and PE trading activity remains sluggish. After recent replenishment efforts, buyers are now adopting a wait-and-see approach, closely observing both domestic and international political and economic developments to better anticipate potential price shifts towards year-end.
“The market has been notably subdued. A number of our customers face challenges with payment collection, which dampens any enthusiasm for further stockpiling,” noted a representative from a local trading house, highlighting an issue that may indicate liquidity concerns across the sector.
In addition to domestic economic policies, stakeholders are keeping a close eye on the upcoming 2025 national budget to assess potential macroeconomic implications. Meanwhile, several upcoming international events in November contribute to a sense of heightened caution among buyers.
Despite these challenges, the sector finds some support from tightening supply projections for LLDPE, which could bolster prices in the near term.
Written by: Henny Sunarto
Edited by: Rochelle Nguyen