Local PP and PE offers in Indonesia continues to slide
Local PP and PE offers in Indonesia continues to slide
Indonesian buyers reported on the first trading day of the week having received fresh PP and PE offers from a major local producer with sharp reduction from the previous week as the market gradually submerge in the holiday mood.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of 10 May. 21 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 19,210,000 |
$1,360 |
-IDR 430,000 |
-$30 |
FD Jabodetabek |
|
mPE |
IDR 25,620,000 |
$1,814 |
-IDR 290,000 |
-$21 |
FD Jabodetabek |
|
LL inj |
IDR 19,940,000 |
$1,412 |
-IDR 440,000 |
-$31 |
FD Jabodetabek |
|
HD film |
IDR 19,060,000 |
$1,350 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
HD yarn |
IDR 19,060,000 |
$1,350 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
HD blow |
IDR 19,930,000 |
$1,411 |
-IDR 150,000 |
-$11 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,530,000 |
$1,596 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,640,000 |
$1,533 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
PPH inj |
IDR 21,640,000 |
$1,533 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
BOPP |
IDR 22,140,000 |
$1,568 |
-IDR 1,020,000 |
-$72 |
FD Jabodetabek |
|
PP coating |
IDR 22,140,000 |
$1,568 |
-IDR 1,020,000 |
-$72 |
FD Jabodetabek |
|
PP thermo |
IDR 21,800,000 |
$1,544 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
PPRC |
IDR 23,840,000 |
$1,688 |
-IDR 870,000 |
-$62 |
FD Jabodetabek |
|
PPBC |
IDR 23,870,000 |
$1,691 |
-IDR 1,020,000 |
-$72 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,120 |
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Sentiment in Indonesia is declining as more companies started to take off for the Ramadan holiday. In the meantime, sources said that offers in the distribution market are more competitive, which could pressure the producer to further step back on the price list to attract buying interest.