Indonesian producer continues lifting PP, PE offers to local market
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.