An Indonesia’s largest local trading house announced its PE and PP offers to market amid holiday week. Indonesia market is predicted to be very quiet this week amid the Eid-Al-Fitr holiday week. Only a few market players are back to work after the end of Ramadan celebration last weekend. The trading house announced its offers for PE and PP products this week, as informed to SSESSMENTS.COM. This week, most of the local and localized Southeast Asian PE prices are above IDR13,000,000/ton ($874/ton), except for LLDPE Film C4 that are available at IDR12,700,000/ton ($854/ton). Localized Malaysian LDPE Film is still being offered at IDR14,000,000/ton ($941/ton). All offers are on cash, FD Indonesia basis and excluding 10% VAT.
Speaking of PP cargoes, the offers for local and localized Southeast Asian PP Homopolymer grades are reportedly stable from last week’s levels. For import offers, market talks have it that offers for PP Homo Raffia from Vietnam are available above $900/ton-level.
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Local/localized PE, PP offers on cash, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton |
|---|
| Indonesia | HDPE Blow Moulding | Offer Given | 13,000,000 | 874 |
| Southeast Asia | HDPE Blow Moulding | Offer Given | 13,000,000 | 874 |
| Indonesia | HDPE Film | Offer Given | 13,200,000 | 887 |
| Southeast Asia | HDPE Film | Offer Given | 13,200,000 | 887 |
| Indonesia | HDPE Injection | Offer Given | 13,300,000 | 894 |
| Southeast Asia | HDPE Injection | Offer Given | 13,300,000 | 894 |
| Malaysia | LDPE Film | Offer Given | 14,000,000 | 941 |
| Indonesia | LLDPE Film C4 | Offer Given | 12,700,000 | 854 |
| Southeast Asia | LLDPE Film C4 | Offer Given | 12,700,000 | 854 |
| Southeast Asia | PP Homo Film | Offer Given | 14,900,000 | 1,001 |
| Indonesia | PP Homo Film | Offer Given | 14,900,000 | 1,001 |
| Southeast Asia | PP Homo Injection | Offer Given | 14,200,000 | 954 |
| Indonesia | PP Homo Injection | Offer Given | 14,200,000 | 954 |
| Southeast Asia | PP Homo Raffia | Offer Given | 14,200,000 | 954 |
| Indonesia | PP Homo Raffia | Offer Given | 14,200,000 | 954 |
Tags: Asia Pacific,English,Indonesia,News,PE,PP,SEA
Published on May 26, 2020 6:12 PM (GMT+8)
Last Updated on May 26, 2020 6:14 PM (GMT+8)
