Local PP and PE prices continue to firm up in Indonesia on tighter availability
Local PP and PE prices continue to firm up in Indonesia on tighter availability
A major local producer in Indonesia has reportedly implemented another round of price increments on both PP and PE in the local market on the back of tighter supply. Sources said that the producer is free of sales pressure due to active exporting activities in recent weeks.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 7 Sept. 2020 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 14,700,000 |
$998 |
+IDR 520,000 |
+$35 |
FD Jabodetabek |
|
mPE |
IDR 17,460,000 |
$1,185 |
+IDR 370,000 |
+$25 |
FD Jabodetabek |
|
LL inj |
IDR 15,960,000 |
$1,083 |
+IDR 510,000 |
+$35 |
FD Jabodetabek |
|
HD film |
IDR 15,330,000 |
$1,041 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD yarn |
IDR 15,330,000 |
$1,041 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
HD blow |
IDR 15,110,000 |
$1,026 |
- |
- |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 15,740,000 |
$1,068 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
PPH yarn |
IDR 15,160,000 |
$1,029 |
+IDR 460,000 |
+$31 |
FD Jabodetabek |
|
PPH inj |
IDR 15,160,000 |
$1,029 |
+IDR 460,000 |
+$31 |
FD Jabodetabek |
|
BOPP |
IDR 15,440,000 |
$1,048 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
PP coating |
IDR 15,440,000 |
$1,048 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
PP thermo |
IDR 15,160,000 |
$1,029 |
+IDR 310,000 |
+$21 |
FD Jabodetabek |
|
PPRC |
IDR 17,610,000 |
$1,195 |
+IDR 300,000 |
+$20 |
FD Jabodetabek |
|
PPBC |
IDR 16,300,000 |
$1,107 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,731 |
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The hike mostly reflects the supply situation while demand remains rather sluggish, especially from the packaging sector. The increasing number of new COVID-19 cases raises a lot of concerns among Indonesian players. Buyers prefer to source small quantities to avoid price risks.