Local producer continues lifting local PP and PE offers
Local producer continues lifting local PP and PE offers
It is reported that a major local producer in Indonesia has opened fresh PP and PE offers to local buyers with a rather large increment from last week.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 20 Jan. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 13,990,000 |
$1,025 |
+IDR 410,000 |
+$30 |
FD Jabodetabek |
|
LL inj |
IDR 14,990,000 |
$1,099 |
+IDR 420,000 |
+$31 |
FD Jabodetabek |
|
HD film |
IDR 14,250,000 |
$1,044 |
+IDR 410,000 |
+$30 |
FD Jabodetabek |
|
HD yarn |
IDR 14,250,000 |
$1,044 |
+IDR 410,000 |
+$30 |
FD Jabodetabek |
|
HD blow |
IDR 14,250,000 |
$1,044 |
+IDR 410,000 |
+$30 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 17,240,000 |
$1,264 |
+IDR 270,000 |
+$20 |
FD Jabodetabek |
|
PPH yarn |
IDR 16,730,000 |
$1,226 |
+IDR 550,000 |
+$40 |
FD Jabodetabek |
|
PPH inj |
IDR 16,730,000 |
$1,226 |
+IDR 550,000 |
+$40 |
FD Jabodetabek |
|
BOPP |
IDR 17,240,000 |
$1,264 |
+IDR 420,000 |
+$31 |
FD Jabodetabek |
|
PP coating |
IDR 17,240,000 |
$1,264 |
+IDR 420,000 |
+$31 |
FD Jabodetabek |
|
PP thermo |
IDR 17,160,000 |
$1,258 |
+IDR 550,000 |
+$40 |
FD Jabodetabek |
|
PPRC |
IDR 19,900,000 |
$1,459 |
+IDR 550,000 |
+$40 |
FD Jabodetabek |
|
PPBC |
IDR 16,740,000 |
$1,227 |
+IDR 550,000 |
+$40 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 13,643 |
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The current price list is perceived as too high compared to market acceptance and several major traders decided not to follow the exact range of price increases. “Buyers started to show resistance; hence we maintain PP offers largely stable while lifting HDPE and LLDPE film prices slightly,” a trader said.
It is expected that preparation for the Eid Al-Fitr would take place between mid of February to early March 2020, from which sellers hold an optimistic expectation that better demand would support the stable to slightly firmer trend.