Indonesian producer continues lifting PP, PE offers to local market

insight 11 Mar 2019

Indonesian producer continues lifting PP, PE offers to local market

It is reported that a major local producer in Indonesia has announced new PP and PE offers to the local market with increases from last week despite the recent plunge in the upstream costs. The hike is mostly due to the weakening of the Rupiah against the US dollar, sources said and buying interest seems to soften slightly.

The producer’s latest price list and changes are shown in the following table:

Material		Price List as of 11 Mar. 19	USD Equivalent	W.O.W Changes	USD Equivalent	Term
LL film		IDR 16,660,000	$1,175	+IDR 100,000	+$7	FD Jabodetabek, cash
LL inj		IDR 17,940,000	$1,265	+IDR 100,000	+$7	FD Jabodetabek, cash
HD film		IDR 17,230,000	$1,215	+IDR 380,000	+$27	FD Jabodetabek, cash
HD yarn		IDR 17,940,000	$1,265	+IDR 380,000	+$27	FD Jabodetabek, cash
IPP (PP Film)		IDR 18,220,000	$1,285	+IDR 160,000	+$11	FD Jabodetabek, cash
PPH yarn		IDR 17,650,000	$1,244	+IDR 160,000	+$11	FD Jabodetabek, cash
PPH inj		IDR 17,650,000	$1,244	+IDR 160,000	+$11	FD Jabodetabek, cash
BOPP		IDR 18,080,000	$1,275	+IDR 160,000	+$11	FD Jabodetabek, cash
PP coating		IDR 18,080,000	$1,275	+IDR 160,000	+$11	FD Jabodetabek, cash
PP thermo		IDR 17,800,000	$1,255	+IDR 160,000	+$11	FD Jabodetabek, cash
PPRC	IDR 20,950,000		$1,477	+IDR 140,000	+$10	FD Jabodetabek, cash
PPBC	IDR 18,650,000		$1,315	+IDR 30,000	+$2	FD Jabodetabek, cash
*Exchange Rate: USD 1 = IDR 14,184*

Indonesian buyers are seeing tighter availability for HDPE cargoes, which support larger price increment for this grade. “Meanwhile, LLDPE film remains comfortable. Customers are taking a more cautious stance now given the large drop in ethylene costs. We see slow purchasing interest at the moment,” a trader said.

Country
Indonesia