Mar 29, 2024 11:31 p.m.

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

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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. 

 

 

Country

Indonesia