Local producer in Indonesia adjusts PP, PE prices for the third time this week
Local producer in Indonesia adjusts PP, PE prices for the third time this week
It is reported that a major local producer in Indonesia has once again up-adjusted local PE prices citing the surge in ethylene prices and stronger international market. This is the third time this week the maker adjusts spot PP and PE offers to domestic buyers.
The producer’s latest price list and changes compared to last week are shown in the following table:
Material |
Price List as of 26 Feb. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
Combined and reported by CommoPlast |
|||||
LL film |
IDR 17,840,000 |
$1,263 |
IDR 280,000 |
$20 |
FD Jabodetabek |
mPE |
IDR 19,460,000 |
$1,378 |
IDR 280,000 |
$20 |
FD Jabodetabek |
LL inj |
IDR 19,300,000 |
$1,367 |
IDR 280,000 |
$20 |
FD Jabodetabek |
HD film |
IDR 18,260,000 |
$1,293 |
IDR 280,000 |
$20 |
FD Jabodetabek |
HD yarn |
IDR 17,980,000 |
$1,273 |
IDR 280,000 |
$20 |
FD Jabodetabek |
HD blow |
IDR 18,840,000 |
$1,334 |
IDR 280,000 |
$20 |
FD Jabodetabek |
IPP (PP Film) |
IDR 23,040,000 |
$1,632 |
- |
- |
FD Jabodetabek |
PPH yarn |
IDR 22,240,000 |
$1,575 |
- |
- |
FD Jabodetabek |
PPH inj |
IDR 22,240,000 |
$1,575 |
- |
- |
FD Jabodetabek |
BOPP |
IDR 22,670,000 |
$1,606 |
- |
- |
FD Jabodetabek |
PP coating |
IDR 22,670,000 |
$1,606 |
- |
- |
FD Jabodetabek |
PP thermo |
IDR 22,670,000 |
$1,606 |
- |
- |
FD Jabodetabek |
PPRC |
IDR 24,780,000 |
$1,755 |
- |
- |
FD Jabodetabek |
PPBC |
IDR 23,630,000 |
$1,674 |
- |
- |
FD Jabodetabek |
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,120 |
Purchasing interest is gradually softening as manufacturers take a step back to negotiate with end-product buyers on the new raw material prices before making new replenishment.
“Prices are just way above the acceptance levels and it is a high risk to keep stock. We would only make purchases if customers accept the new prices,” a buyer said.