Indonesian producer continues cutting local PP prices, maintaining PE
Indonesian producer continues cutting local PP prices, maintaining PE
A major local producer continues to cut local PP prices in Indonesia drastically on the first trading day of the week as a result of intense competition in the distribution market and soft demand condition.
The producer’s latest price list and changes compared to last week are shown in the following table:
Material |
Price List as of 24 Feb. 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
Combined and reported by CommoPlast |
|||||
LL film |
IDR 12,800,000 |
$926 |
- |
- |
FD Jabodetabek |
LL inj |
IDR 14,310,000 |
$1,035 |
- |
- |
FD Jabodetabek |
HD film |
IDR 13,210,000 |
$956 |
- |
- |
FD Jabodetabek |
HD yarn |
IDR 13,210,000 |
$956 |
- |
- |
FD Jabodetabek |
HD blow |
IDR 13,140,000 |
$951 |
- |
- |
FD Jabodetabek |
IPP (PP Film) |
IDR 14,930,000 |
$1,080 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PPH yarn |
IDR 14,310,000 |
$1,035 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PPH inj |
IDR 14,310,000 |
$1,035 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
BOPP |
IDR 14,720,000 |
$1,065 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PP coating |
IDR 14,720,000 |
$1,065 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PP thermo |
IDR 14,450,000 |
$1,046 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PPRC |
IDR 16,510,000 |
$1,195 |
-IDR 690,000 |
-$50 |
FD Jabodetabek |
PPBC |
IDR 15,270,000 |
$1,105 |
-IDR 550,000 |
-$40 |
FD Jabodetabek |
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 13,821 |
Indonesian players informed that traders in the distribution market have been aggressively adjusting offers over the past several trading days to mobilize more cargoes in expectation of a bearish outlook in the near term.
“We continue to monitor the impact of the COVID-19 outbreak on the market and the progress of new startup within Southeast Asia. At the moment, deals in the distribution market are much lower than the official price list,” a trader said.