As SSESSMENTS.COM noted, Indonesia market is taking interest look to limited offers from a Thai PE producer this week. The producer informed SSESSMENTS.COM that import offers for HDPE all grades are now at $850-860/ton, while LDPE Film and LLDPE Film C4 at $910/ton and $840-850/ton respectively. Import cargoes recorded an increase of $50/ton for HDPE Film, $40/ton for LLDPE Film C4, while LDPE Film up by $10/ton all as compared to last week’s offers. All import offers are on LC at sight, CIF Indonesia Main Port basis. For offers in the local currency, the Thai producer is offering localized HDPE Film and LLDPE Film C4 cargoes at IDR13,200,000-13,400,000/ton ($937-952/ton), on cash FD Indonesia basis and excluding 10% VAT. Compared to last week, offers for HDPE Film went up between IDR400,000-500,000/ton ($28-35/ton), while LLDPE Film C4 increased between IDR1,000,000-1,100,000/ton ($71-78/ton) as producer tried to match offers for local cargoes. In contrast, the producer lowered offers for localized LDPE Film cargoes by IDR200,000/ton ($14/ton) compared to the same period owing to Rupiah's appreciation.
The producer reported to SSESSMENTS.COM that demand is quite strong this week with inquiries continue to arrive. However, the producer stated that the allocation for import cargoes is limited as there is a bump in their plant operation. Therefore with supply tight, orders for all imports will be earliest arrive by mid-July, except for LLDPE Film C4, which will take longer and expected to arrive in August. For localized cargoes, the company does not have many cargoes to sell right now.
Localized PE offers on cash, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton |
|---|
| Thailand | HDPE Film | Offer Given | 13,200,000-13,400,000 | 937-952 |
| Thailand | LDPE Film | Offer Given | 14,000,000 | 994 |
| Thailand | LDPE Film | Sold | 13,900,000 | 987 |
| Thailand | LLDPE Film C4 | Offer Given | 13,200,000-13,400,000 | 937-952 |
Import PE offers on LC at sight, CIF Indonesia Main Port
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| Thailand | HDPE Blow Moulding | Offer Given | 850-860 |
| Thailand | HDPE Film | Offer Given | 850-860 |
| Thailand | HDPE Injection | Offer Given | 850-860 |
| Thailand | HDPE Yarn | Offer Given | 850-860 |
| Thailand | LDPE Film | Offer Given | 910 |
| Thailand | LLDPE Film C4 | Offer Given | 840-850 |
Tags: Asia Pacific,English,Indonesia,News,PE,SEA,Thailand
Published on June 10, 2020 3:11 PM (GMT+8)
Last Updated on June 10, 2020 3:13 PM (GMT+8)
