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Discounts emerge in Indonesia’s local PP market

by ChemOrbis Editorial Team -
  • 24/03/2015 (11:22)
A trader in Indonesia reported that they have adjusted their local PP prices downward by around $20-30/ton compared to last week. The trader attributed their discounts to softer spot propylene prices, stating, “We hope that the downward trend in the propylene market will be temporary.”

The trader is currently offering homo-PP raffia and injection at $1380-1390/ton and film at $1430/ton, all on an FD Indonesia, cash basis.

Meanwhile, a source from a local producer reported that they maintained their PP and PE prices at stable levels this week. He commented, “We heard that some traders have started to give some discounts on their offers. We think that this is not necessary as supplies remain tight in the market while the current decreasing trend in propylene costs might be only temporary.” The source added that they are monitoring international trends before deciding on their next move.

The producer’s PP prices currently stand at $1540/ton for PP block copolymer, at $1560/ton for PP random copolymer, at $1480/ton for homo-PP coating, at $1430/ton for raffia and injection, at $1440/ton for film and at $1470/ton for BOPP, all on an FD Indonesia, cash basis.

A converter in the packaging sector reported receiving a homo-PP film offer from a local producer at $1440/ton FD, cash. “Our end product demand remains slow while our margins are thin due to the depreciation of the local currency. We are adopting a more cautious stance towards the market nowadays,” he said.
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