Local PP and PE prices in Indonesia continue to move higher
Local PP and PE prices in Indonesia continue to move higher
It is reported that a major local producer in Indonesia continues to implement price hike on spot PP and PE prices this week with the support from strengthening local currency against the US dollar. The increases emerge regardless of the diminishing demand condition in this market ahead of the long Ramadan holiday.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 18 May 20 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 12,170,000 |
$818 |
+IDR 600,000 |
+$40 |
FD Jabodetabek |
|
mPE |
IDR 15,080,000 |
$1,014 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
LL inj |
IDR 13,890,000 |
$934 |
+IDR 600,000 |
+$40 |
FD Jabodetabek |
|
HD film |
IDR 12,380,000 |
$833 |
+IDR 450,000 |
+$30 |
FD Jabodetabek |
|
HD yarn |
IDR 12,380,000 |
$833 |
+IDR 450,000 |
+$30 |
FD Jabodetabek |
|
HD blow |
IDR 12,230,000 |
$823 |
+IDR 220,000 |
+$15 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 14,730,000 |
$991 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PPH yarn |
IDR 13,890,000 |
$934 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
PPH inj |
IDR 13,890,000 |
$934 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
BOPP |
IDR 14,730,000 |
$991 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP coating |
IDR 14,730,000 |
$991 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
PP thermo |
IDR 14,140,000 |
$951 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
PPRC |
IDR 16,370,000 |
$1,101 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
PPBC |
IDR 14,630,000 |
$984 |
+IDR 150,000 |
+$10 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,869 |
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A number of factories around the capital city of Jakarta are winding down operations rates in preparation for the Ramadan holiday that starts this weekend.
“The increases are mainly driven by the exchange rate and the lower supply condition. We have restocked comfortable cargoes and prefer to wait on the sideline for now. The demand outlook in the post-holiday period remains cloudy given the COVID-19 outbreak in Indonesia,” a buyer added.