Local PE market in Indonesia declined as PP stabilizes
Local PE market in Indonesia declined as PP stabilizes
A major local producer in Indonesia has reportedly slashed spot PE offers on the first trading day of the week while maintaining PP prices unchanged week-on-week. The price decision is a result of the still resistance among buyers here following eleven (11) weeks of continuous price increment, especially on PP.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 16 Nov. 2020 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 15,150,000 |
$1,069 |
-IDR 270,000 |
-$19 |
FD Jabodetabek |
|
mPE |
IDR 17,400,000 |
$1,227 |
-IDR 490,000 |
-$35 |
FD Jabodetabek |
|
LL inj |
IDR 16,380,000 |
$1,155 |
-IDR 310,000 |
-$22 |
FD Jabodetabek |
|
HD film |
IDR 15,600,000 |
$1,100 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
HD yarn |
IDR 15,600,000 |
$1,100 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
HD blow |
IDR 15,490,000 |
$1,093 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 19,210,000 |
$1,355 |
- |
- |
FD Jabodetabek |
|
PPH yarn |
IDR 18,570,000 |
$1,310 |
- |
- |
FD Jabodetabek |
|
PPH inj |
IDR 18,570,000 |
$1,310 |
- |
- |
FD Jabodetabek |
|
BOPP |
IDR 18,720,000 |
$1,320 |
- |
- |
FD Jabodetabek |
|
PP coating |
IDR 18,720,000 |
$1,320 |
- |
- |
FD Jabodetabek |
|
PP thermo |
IDR 19,000,000 |
$1,340 |
- |
- |
FD Jabodetabek |
|
PPRC |
IDR 20,700,000 |
$1,460 |
- |
- |
FD Jabodetabek |
|
PPBC |
IDR 18,490,000 |
$1,304 |
- |
- |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,177 |
|||||
Despite the firmer sentiment in the international market, demand for HDPE and LLDPE film in Indonesia has been persistently soft. “The PE market is facing multiple downward pressure points including the exchange rate, comfortable supply, and sluggish demand. The producer might temporarily focus on the local market as the strengthened IDR is not favorable the export activities,” a buyer commented.
Meanwhile, PP offers stabilized for the first time in nearly three months, highlighting the fact that market resistance is building up and buyers are unable to absorb the drastic increases.