- A local converter in Indonesia revealed to SSESSMENTS.COM that last week, the company did not receive any fresh PE offers from traders, and only taking cargoes from the leading polyolefins producer in the country as a contract agreement with the company. Demand-wise, activity in the Indonesia PE market remains muted amid the “new normal” policy. The converter said that sales from the company’s end are still sluggish since most malls, supermarkets, and restaurants that are allowed to reopen still have limited operational hours and only a fraction of stores open, coupled with, growing concern over the second wave of coronavirus. At the moment, the converter prefers to purchase on an as-needed basis while monitoring the market situation for a clearer direction.
- As contacted by SSESSMENTS.COM, a source from Thailand’s PTT Public Company Ltd revealed the latest updates on the status of its PE plants located in Map Ta Phut, Rayong Province, Thailand. As informed, the producer plans to shut its new linear low-density polyethylene (LLDPE) plant on July 20, for maintenance purposes. Based on the schedule, the new plant with a capacity of 400,000 tons/year is slated to remain off-line until August 8, 2020.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.19 | August Settlement | 0.68 |
| NYMEX | 39.75 | July Settlement | 0.91 |
| Naphtha | 360 | CFR Japan | 3 |
| Ethylene | 837-845 | CFR NEA | No Changes |
| Ethylene | 787-795 | CFR SEA | No Changes |
| Propylene | 782-790 | CFR China | 4 to 6 |
| Propylene | 737-745 | FOB Korea | 4 to 6 |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,300,000-13,600,000 | 931-952 |
| Malaysia | MYR | 3,580* | 838 |
| Philippines | PHP | 52,000-54,000** | 926-962 |
| Thailand | THB | 28,000-30,500 | 901-981 |
Description: *Offers on 30 days credit term **Offers on 60 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,110*-4,250* | 962-995 |
| Thailand | THB | 34,000 | 1,094 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,540,000 | 948 |
| Malaysia | MYR | 4,000 | 936 |
| Philippines | PHP | 52,000-54,000* | 926-962 |
| Thailand | THB | 28,000-30,500 | 901-981 |
Description: *Offers on 60 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 820-870* |
| Southeast Asia | HDPE Film | 830-900 |
| Middle East | LDPE Film | 880-920 |
| Southeast Asia | LDPE Film | 910-980 |
| Middle East | LLDPE Film C4 | 780-840* |
| Southeast Asia | LLDPE Film C4 | 830-900 |
Description: *Shipment from Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on June 22, 2020 12:24 PM (GMT+8)
Last Updated on June 22, 2020 1:18 PM (GMT+8)
