Local producer continues to cut PP and PE prices in Indonesia
Local producer continues to cut PP and PE prices in Indonesia
A major local producer in Indonesia has opened weekly PP and PE offers with sharp reductions from the previous week as the continued falling import market dampens the sentiment.
The following table detail the latest PP and PE offers after the second price adjustment:
Material |
Price List as of 3 May. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
Combined and reported by CommoPlast |
|||||
LL film |
IDR 19,640,000 |
$1,361 |
-IDR 880,000 |
-$61 |
FD Jabodetabek |
mPE |
IDR 25,910,000 |
$1,795 |
- |
- |
FD Jabodetabek |
LL inj |
IDR 20,380,000 |
$1,412 |
-IDR 870,000 |
-$60 |
FD Jabodetabek |
HD film |
IDR 19,930,000 |
$1,381 |
-IDR 440,000 |
-$30 |
FD Jabodetabek |
HD yarn |
IDR 19,930,000 |
$1,381 |
-IDR 440,000 |
-$30 |
FD Jabodetabek |
HD blow |
IDR 20,080,000 |
$1,391 |
-IDR 440,000 |
-$30 |
FD Jabodetabek |
IPP (PP Film) |
IDR 23,400,000 |
$1,621 |
-IDR 870,000 |
-$60 |
FD Jabodetabek |
PPH yarn |
IDR 22,510,000 |
$1,560 |
-IDR 300,000 |
-$21 |
FD Jabodetabek |
PPH inj |
IDR 22,510,000 |
$1,560 |
-IDR 300,000 |
-$21 |
FD Jabodetabek |
BOPP |
IDR 23,160,000 |
$1,605 |
-IDR 870,000 |
-$60 |
FD Jabodetabek |
PP coating |
IDR 23,160,000 |
$1,605 |
-IDR 870,000 |
-$60 |
FD Jabodetabek |
PP thermo |
IDR 22,670,000 |
$1,571 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
PPRC |
IDR 24,710,000 |
$1,712 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
PPBC |
IDR 24,890,000 |
$1,724 |
-IDR 730,000 |
-$51 |
FD Jabodetabek |
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,434 |
Transactions remain thin even at the lower price levels as buyers refrain from making new purchases while prices are still coming down. Meanwhile, there have been reports that spot offers in the distribution market are more competitive at the moment, further distracting buyers from the producer’s price list.