Local PP market in Indonesia continues to slide, PE holds steady
Local PP market in Indonesia continues to slide, PE holds steady
A major local producer in Indonesia reportedly slashes spot PP offers on the first trading day of the week as a result of the persistently weak 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 18 Jan. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 17,420,000 |
$1,233 |
- |
- |
FD Jabodetabek |
|
mPE |
IDR 18,610,000 |
$1,318 |
- |
- |
FD Jabodetabek |
|
LL inj |
IDR 18,890,000 |
$1,337 |
- |
- |
FD Jabodetabek |
|
HD film |
IDR 17,620,000 |
$1,248 |
+IDR 70,000 |
+$5 |
FD Jabodetabek |
|
HD yarn |
IDR 17,480,000 |
$1,238 |
- |
- |
FD Jabodetabek |
|
HD blow |
IDR 18,330,000 |
$1,298 |
+IDR 100,000 |
+$7 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 20,900,000 |
$1,480 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
PPH yarn |
IDR 20,550,000 |
$1,455 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
PPH inj |
IDR 20,550,000 |
$1,455 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
BOPP |
IDR 20,600,000 |
$1,459 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PP coating |
IDR 20,600,000 |
$1,459 |
-IDR 230,000 |
-$16 |
FD Jabodetabek |
|
PP thermo |
IDR 20,980,000 |
$1,485 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
PPRC |
IDR 23,130,000 |
$1,638 |
-IDR 280,000 |
-$20 |
FD Jabodetabek |
|
PPBC |
IDR 21,950,000 |
$1,554 |
-IDR 240,000 |
-$17 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,088 |
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Despite the fresh price cut, the producer’s list price is still higher than the distribution market, from which buyers expected further discounts on PP cargoes in order to attract purchasing interest.