Jun 19, 2021 11:22 p.m.

Local producer continues to cut PP and PE prices in Indonesia

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.

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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.  

Country

Indonesia