monthlyssessments-june-sea-ps-prices

With softer price movement, SSESSMENTS.COM noted that demand recorded stable in Southeast Asia PS market. Most Indonesian traders and local producers opted to keep the offer stable for GPPS Injection and HIPS Injection until mid-June. Then, on the week commencing June 22, local PS offers down between IDR 300,000-700,000/ton ($/ton) depending on grades following slow PS demand in the country. Market sources told that HIPS Injection for June delivery and July shipment allocation has been sold out in Malaysia on the week of June 15 with offers between $970-1,000/ton-level. Vietnamese producers only offer GPPS to regular customers with limited quantities at $20-30/ton higher on weekly comparison. Finally, the Thailand market recorded fresh local offers at THB34,000/ton ($ /ton) on the final day of June after going flat across the month. From the import market, South Korean PS cargoes going into Southeast Asia underwent a rollercoaster trend throughout June and ended with an increase of $10/ton for GPPS Injection, while HIPS Injection rose $20/ton compared to its level at the beginning of the month. Import transactions remain limited as local PS prices are considered to be more competitive and market participants have already acquired a large volume of import cargoes in the previous months. Despite one of the Taiwanese PS producers halted their production for GPPS Injection and some grade for HIPS Injection, the company is still selling remaining stock to the Southeast Asia market. Offers for GPPS Injection reported stable, while HIPS Injection recorded up by $50/ton as compared to May shipment offers. The producer also continues to raise HIPS Injection offers by $30/ton for July shipment offers, which according to market players is not matching the current sluggish demand.

Vietnam has become a leading country that has begun to recover their PS resin demand after being able to deal with a coronavirus outbreak in the country while the overall Southeast Asian market has been slow. Food and beverage packaging materials are still being most sought for end-product demand, while particular sectors such as automotive and electrical home appliances have not yet recovered. Likewise, most manufacturers in Indonesia were only running at 40% from the maximum capacity and the buying quantity was only at 30% from the normal volume as end-product only started to come back after implementation of new normal transitions imposed in Jakarta and surrounding areas. Market players contacted by SSESSMENTS.COM informed that the availability of domestic and imported PS cargoes remain sufficient at the moment, no significant issues reported.

For the outlook, market players shared with SSESSMENTS.COM that local and imported PS prices will be stable in the upcoming weeks in line with stable SM prices. As for demand, buyers remain cautious amid uncertainties in the market due to the fear of the second wave of coronavirus outbreak.

Range of local/localized PS offers between June 1 to June 5 on cash/credit term, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Country
Indonesia	GPPS Injection	Offer Given	USD	980-1,030	-	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Given	IDR	14,900,000	1,034	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	15,600,000	1,082	90 Days Credit Term	Indonesia
Thailand	GPPS Injection	Offer Received	IDR	15,900,000	1,103	90 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	14,900,000	1,034	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	14,000,000	971	30 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Sold	USD	980	-	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	USD	1,150-1,195	-	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	IDR	15,900,000	1,103	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	IDR	16,600,000	1,152	90 Days Credit Term	Indonesia
Thailand	HIPS Injection	Offer Received	IDR	16,700,000	1,1,59	90 Days Credit Term	Indonesia
Indonesia	HIPS Injection	Purchased	IDR	15,900,000	1,103	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Sold	USD	1,150-1,155	-	Cash In Advance	Indonesia

Range of import PS offers between June 1 to June 5 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Far East Asia	GPPS Injection	Offer Given	870-900	Southeast Asia
Far East Asia	GPPS Injection	Offer Received	865-920	Vietnam
Far East Asia	HIPS Injection	Offer Given	970-1,000	Southeast Asia
Far East Asia	HIPS Injection	Offer Received	965-1,000	Vietnam
Southeast Asia	HIPS Injection	Offer Given	970-1,000	Southeast Asia

Range of local/localized PS offers between June 8 to June 12 on cash/credit term, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Country
Indonesia	GPPS Injection	Offer Given	IDR	14,500,000-15,000,000	1,006-1,041	Cash In Advance	Indonesia
Vietnam	GPPS Injection	Offer Given	USD	910-920	-	Cash In Advance	Vietnam
Indonesia	GPPS Injection	Purchased	IDR	16,000,000	1,110	30 Days Credit Term	Indonesia
Indonesia	HIPS Injection	Offer Given	IDR	15,500,000-16,500,000	1,075-1,145	Cash In Advance	Indonesia
Malaysia	HIPS Injection	Offer Given	USD	970-1,000	-	Cash In Advance	Malaysia

Range of import PS offers between June 8 to June 12 on LC at sight, CIF/FOB Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Term	Delivery Country
Far East Asia	GPPS Injection	Offer Received	910-940	CIF	Vietnam
Southeast Asia	GPPS Injection	Offer Given	900	CIF	Southeast Asia
Southeast Asia	GPPS Injection	Offer Given	900	FOB	Vietnam
Southeast Asia	GPPS Injection	Offer Received	980	CIF	Vietnam
Far East Asia	HIPS Injection	Offer Received	1,010-1,050	CIF	Vietnam
Southeast Asia	HIPS Injection	Offer Given	970-1,000	CIF	Southeast Asia
Southeast Asia	HIPS Injection	Offer Received	1,060	CIF	Vietnam

Range of local/localized PS offers between June 15 to June 19 on cash/credit term, FD basis (including 10% VAT in VND term, all equivalent in USD excluding VAT)

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Country
Indonesia	GPPS Injection	Offer Given	IDR	15,000,000	1,041	30 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Offer Given	IDR	14,300,000-15,700,000	992-1,089	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	15,700,000	1,089	90 Days Credit Term	Indonesia
Taiwan	GPPS Injection	Offer Given	VND	30,000,000	1,166	Cash In Advance	Vietnam
Thailand	GPPS Injection	Offer Given	VND	28,000,000	1,089	Cash In Advance	Vietnam
Vietnam	GPPS Injection	Sold	USD	920	-	Cash In Advance	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	16,000,000	1,110	30 Days Credit Term	Indonesia
Indonesia	HIPS Injection	Offer Given	IDR	15,300,000-16,700,000	1,062-1,159	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	IDR	16,700,000	1,159	90 Days Credit Term	Indonesia
Taiwan	HIPS Injection	Offer Given	VND	33,000,000	1,283	Cash In Advance	Vietnam
Thailand	HIPS Injection	Offer Given	VND	31,000,000	1,205	Cash In Advance	Vietnam

Range of import PS offers between June 15 to June 19 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Far East Asia	GPPS Injection	Offer Received	970	Vietnam
Far East Asia	GPPS Injection	Offer Received	1,250	Malaysia
Southeast Asia	GPPS Injection	Offer Received	1,000	Vietnam
Far East Asia	HIPS Injection	Offer Received	1,050	Vietnam
Far East Asia	HIPS Injection	Offer Received	1,280	Malaysia

Range of export PS offers between June 15 to June 19 on LC at sight, FOB Vietnam basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Sell Idea	920

Range of local/localized PS offers between June 22 to June 26 on cash/credit term, FD basis (including 10% VAT in VND term, all equivalent in USD excluding VAT)

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Country
Indonesia	GPPS Injection	Offer Given	IDR	14,000,000-15,000,000	971-1,041	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Given	USD	1,020-1,070	-	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	15,000,000	1,041	90 Days Credit Term	Indonesia
Taiwan	GPPS Injection	Offer Given	VND	30,000,000	1,166	Cash In Advance	Vietnam
Thailand	GPPS Injection	Offer Given	VND	28,000,000	1,089	Cash In Advance	Vietnam
Vietnam	GPPS Injection	Offer Given	USD	950	-	Cash In Advance	Vietnam
Vietnam	GPPS Injection	Sold	USD	950	-	Cash In Advance	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	15,000,000-16,000,000	1,041-1,110	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	USD	1,090-1,170	-	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	IDR	16,000,000	1,110	90 Days Credit Term	Indonesia
Taiwan	HIPS Injection	Offer Given	VND	33,000,000	1,283	Cash In Advance	Vietnam
Thailand	HIPS Injection	Offer Given	VND	31,000,000	1,205	Cash In Advance	Vietnam

Range of import PS offers between June 22 to June 26 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Far East Asia*	GPPS Injection	Offer Given	920	Indonesia
Far East Asia**	GPPS Injection	Offer Received	930	Vietnam
Far East Asia*	HIPS Injection	Offer Given	1,020	Indonesia
Far East Asia**	HIPS Injection	Offer Received	1,020	Vietnam

Description: *July shipment offers; **August shipment offers

Range of export PS offers between June 22 to June 26 on LC at sight, FOB Vietnam basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Offer Given	920

Range of local/localized PS offers between June 29 to June 30 on cash, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Delivery Country
Thailand	GPPS Injection	Offer Received	THB	34,000	1,095	Thailand

Range of import PS offers between June 29 to June 30 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Far East Asia*	GPPS Injection	Offer Given	920	Indonesia
Southeast Asia	GPPS Injection	Offer Received	980-1,000	Indonesia
Far East Asia*	HIPS Injection	Offer Given	1,020	Indonesia

Description: *July shipment offers

MonthlySSESSMENTS: June SEA PS Prices

Author: SSESSMENTS

MonthlySSESSMENTS: June SEA PS Prices

Author: SSESSMENTS

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