monthlyssessments-march-sea-ps-prices

On the week commencing March 2, a local producer in Indonesia reduced GPPS Injection and HIPS Injection offers by $40/ton on a monthly comparison. While in Vietnam, a local producer maintained the offers for GPPS Injection stable from a week earlier. On the second week, a trader decided to trim the offers for local GPPS Injection and HIPS Injection cargoes by IDR900,000/ton ($55/ton) due to an inventory pressure and slow demand, while other traders were keeping the offers stable, SSESSMENTS.COM was told. In Vietnam, a PS producer rolled over the offers for GPPS Injection and done deals were captured at the initial offer level. The following week, the offers for local GPPS Injection and HIPS Injection in Indonesia were captured stable. Similarly, local GPPS Injection offers in Vietnam were kept stable as well and there was room for negotiation. Due to the depreciation of Indonesian Rupiah towards the US Dollar, traders in the country increased GPPS Injection and HIPS Injection offers by IDR100,000/ton ($6/ton) in the fourth week of the month. While in Vietnam, the offers for GPPS Injection from a local producer decreased between $10-60/ton depending on the purchasing volume. All price changes from the second week onwards were on a weekly comparison.

In the import market, the month started with offers for Vietnameses GPPS Injection to Southeast Asia decreased between $20-30/ton from the previous week and Philippines buyers were submitting bids at $40/ton lower from the initial offer level. For import South Korean GPPS Injection and HIPS Injection, SSESSMENTS.COM noted that the offers were captured stable to decrease by $80/ton on a weekly comparison during March. For sellers that kept stable offers, sources added that the offers were negotiable up to $40/ton lower from the initial offer level. To the export market, a Vietnamese producer also reduced export GPPS Injection offers on FOB basis between $20-50/ton also on a weekly comparison during the month.

During the first week of month, SSESSMENTS.COM was told that PS demand in the region showed a mixed performance. In Vietnam, the demand in the domestic market was recorded stable while in Malaysia and Indonesia recorded a slow down due to Coronavirus issues. However, the remaining three weeks in March, the demand across Southeast Asia reported sluggish affected by plunge in crude oil prices, Coronavirus pandemic as well as market uncertainty. On the supply side, there were no issues reported during March in Southeast Asia.

For the outlook, market players predict that PS prices will decrease further in the days to come considering the continuous decrement in SM prices. At the beginning of March, SM prices on CFR China basis captured at $809-813/ton and by March 31, the offers recorded with a hefty decrease standing at $519-523/ton. Market players opined to SSESSMENTS.COM that it is possible for GPPS Injection offers to reach below $900/ton-level in the near term.

Transaction for local/localized PS between March 2 to March 6, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Location
Indonesia	GPPS Injection	Offer Given	IDR	17,700,000	1,082	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	USD	1,180	-	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Sold	IDR	16,500,000-17,000,000	1,009-1,039	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Given	IDR	17,000,000	1,039	30 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	17,700,000	1,082	30 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	16,400,000	1,003	30 Days Credit Term	Indonesia
Southeast Asia	GPPS Injection	Offer Given	IDR	17,000,000-17,500,000	1,039-1,070	Cash In Advance	Indonesia
Southeast Asia	GPPS Injection	Offer Received	IDR	16,700,000	1,021	Cash In Advance	Indonesia
Southeast Asia	GPPS Injection	Offer Received	IDR	18,000,000	1,101	30 Days Credit Term	Indonesia
Thailand	GPPS Injection	Offer Received	IDR	17,400,000	1,064	60 Days Credit Term	Indonesia
Vietnam	GPPS Injection	Offer Given	USD	1,080	-	Cash In Advance	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	18,700,000	1,143	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	USD	1,250	-	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Sold	IDR	17,500,000-18,000,000	1,070-1,101	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	IDR	18,000,000	1,101	30 Days Credit Term	Indonesia
Indonesia	HIPS Injection	Purchased	IDR	17,400,000	1,064	30 Days Credit Term	Indonesia
Southeast Asia	HIPS Injection	Offer Received	IDR	17,700,000	1,082	Cash In Advance	Indonesia
Thailand	HIPS Injection	Offer Received	IDR	18,200,000	1,113	60 Days Credit Term	Indonesia

Transaction for import PS between March 2 to March 6 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
South Korea	GPPS Injection	Offer Given	1,050	Indonesia
Taiwan	GPPS Injection	Offer Given	1,020-1,030	Vietnam
Taiwan	GPPS Injection	Offer Given	1,050-1,060	Malaysia
Vietnam	GPPS Injection	Bid Received	1,000	Philippines
Vietnam	GPPS Injection	Offer Given	1,030-1,040	Southeast Asia
Vietnam	GPPS Injection	Sold	1,040	Indonesia
South Korea	HIPS Injection	Offer Given	1,150	Indonesia
Taiwan	HIPS Injection	Offer Given	1,100-1,110	Vietnam
Taiwan	HIPS Injection	Offer Given	1,130-1,140	Malaysia

Transaction for export PS between March 2 to March 6 on LC at sight, FOB basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Offer Given	1,020

Transaction for local PS between March 9 to March 13, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers (IDR/ton)	Equivalent in USD/ton	Payment Term	Delivery Location
Indonesia	GPPS Injection	Offer Given	IDR	16,500,000-17,500,000	1,009-1,070	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	16,500,000-17,000,000	1,009-1,039	30 Days Credit Term	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	16,700,000	1,021	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Sold	IDR	17,000,000	1,039	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	17,000,000	1,039	30 Days Credit Term	Indonesia
Vietnam	GPPS Injection	Offer Given	USD	1,080	-	LC at sight	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	17,500,000-18,000,000	1,070-1,101	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	IDR	17,500,000-18,000,000	1,070-1,101	30 Days Credit Term	Indonesia
Indonesia	HIPS Injection	Purchased	IDR	17,700,000	1,082	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Sold	IDR	18,000,000	1,101	Cash In Advance	Indonesia

Transaction for import PS between March 9 to March 13 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Countries
South Korea	GPPS Injection	Offer Given	1,050	Indonesia
Thailand	GPPS Injection	Offer Received	1,090	Philippines
Vietnam	GPPS Injection	Offer Given	1,010-1,020	Southeast Asia
South Korea	HIPS Injection	Offer Given	1,150	Indonesia
Thailand	HIPS Injection	Offer Received	1,190	Philippines

Transaction for export PS between March 9 to March 13 on LC at sight, FOB basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Offer Given	1,000

Transaction for local PS between March 16 to March 20, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery City
Indonesia	GPPS Injection	Offer Given	IDR	17,000,000-17,500,000	1,039-1,070	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	16,700,000-16,900,000	1,021-1,033	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Sold	IDR	17,000,000	1,039	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Purchased	IDR	17,000,000	1,039	30 Days Credit Term	Indonesia
Vietnam	GPPS Injection	Offer Given	USD	1,010-1,020	-	Cash In Advance	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	18,000,000-18,500,000	1,101-1,131	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Purchased	IDR	17,700,000-17,900,000	1,082-1,095	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Sold	IDR	18,000,000	1,101	Cash In Advance	Indonesia

Transaction for import PS between March 16 to March 20 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
South Korea	GPPS Injection	Offer Given	980	Indonesia
South Korea	GPPS Injection	Price List	1,060	Indonesia
Taiwan	GPPS Injection	Offer Received	1,280	Malaysia
Taiwan	GPPS Injection	Offer Given	980-990	Vietnam
Vietnam	GPPS Injection	Offer Given	1,000	Southeast Asia
South Korea	HIPS Injection	Offer Given	1,080	Indonesia
South Korea	HIPS Injection	Price List	1,160	Indonesia
Taiwan	HIPS Injection	Offer Given	1,060-1,070	Vietnam

Transaction for export PS between March 16 to March 20 on LC at sight, FOB basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Offer Given	980
Vietnam	GPPS Injection	Bid Received	920
Vietnam	GPPS Injection	Sold	980

Transaction for local PS between March 23 to March 27, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery City
Indonesia	GPPS Injection	Offer Given	IDR	17,500,000	1,070	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Given	USD	1,040-1,080	-	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Received	IDR	17,000,000	1,039	Cash In Advance	Indonesia
Indonesia	GPPS Injection	Offer Given	USD	1,040	-	30 Days Credit Term	Indonesia
Vietnam	GPPS Injection	Offer Given	USD	960-1,000	-	Cash In Advance	Vietnam
Vietnam	GPPS Injection	Sold	USD	960-1,000	-	Cash In Advance	Vietnam
Indonesia	HIPS Injection	Offer Given	IDR	18,500,000	1,131	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	USD	1,100-1,140	-	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Received	IDR	18,000,000	1,001	Cash In Advance	Indonesia
Indonesia	HIPS Injection	Offer Given	USD	1,100	-	30 Days Credit Term	Indonesia

Transaction for import PS between March 23 to March 27 on LC at sight

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Term	Delivery Country
Singapore	GPPS Injection	Bid Given	650	DAP	Malaysia
Taiwan	GPPS Injection	Offer Given	930-940	CIF	Vietnam
Vietnam	GPPS Injection	Offer Given	970	CIF	Southeast Asia
Taiwan	HIPS Injection	Offer Given	1,000-1,010	CIF	Vietnam

Transaction for export PS between March 23 to March 27 on LC at sight, FOB basis

Origin	Product	Transaction Type	Offers (USD/ton)
Vietnam	GPPS Injection	Offer Given	900-950
Vietnam	GPPS Injection	Sold	900-950

Transaction for local PS between March 30 to March 31 on 30 days credit term, FD basis, excluding VAT in all terms

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent in USD/ton	Delivery Location
Indonesia	GPPS Injection	Offer Given	17,500,000	1,070	Indonesia
Indonesia	HIPS Injection	Offer Given	18,500,000	1,131	Indonesia

Transaction for import PS between March 30 to March 31 on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
South Korea	GPPS Injection	Offer Given	980	Indonesia
South Korea	GPPS Injection	Offer Received	1,050	Indonesia
South Korea	HIPS Injection	Offer Given	1,080	Indonesia
South Korea	HIPS Injection	Offer Received	1,100	Indonesia

MonthlySSESSMENTS: March SEA PS Prices

Author: SSESSMENTS

MonthlySSESSMENTS: March SEA PS Prices

Author: SSESSMENTS

Related posts

WeeklySSESSMENTS: SEA PS Prices Week Starting July 12...

QuarterlySSESSMENTS: Q2 2021 China PVC Prices...

NewsSSESSMENTS: Malaysian Trader Revealed Current Market Issues Affected By Lockdown...

NewsSSESSMENTS: July Delivery PE Offers From Malaysian Polyolefins Producer Corrected, Pandemic Issue Hindered Buyers From Replenishing Materials...

NewsSSESSMENTS: 5 Things To Watch In PE Market Week Starting July 5...

DailySSESSMENTS: China PE Price 28th June 2021...

NewsSSESSMENTS: Deals Achieved For Local PS Cargoes In Indonesia Amid Negative Buying Sentiment...

NewsSSESSMENTS: Local PE Offers In China Reversed Course, Supply For Certain Grades Reported Limited...

DailySSESSMENTS: SEA PP Price 18th June 2021...

NewsSSESSMENTS: Chinese Trader Foresees Import PE Offers For Certain Grades Will Hit Three-Digit Level...

NewsSSESSMENTS: Indonesian PVC Producers Announced March Delivery Offers With Adjustment...

NewsSSESSMENTS: Indian Petrochemical Producers Consider Raising Output...