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NewsSSESSMENTS: Largest Local Trading House In Indonesia Adjusted Local And Localized PE Offers To Match Competitor, PP Prices Propped Up By Supply Condition

Author: SSESSMENTS

The largest local trading house in Indonesia adjusted its local and localized PE offers to match with the competitor’s price levels, SSESSMENTS.COM was told. On a weekly comparison, the offers for local and localized Southeast Asian HDPE Film and HDPE Blow Moulding cargoes decreased by IDR250,000/ton ($18/ton). Likewise, the offers for local and localized Southeast Asian LLDPE Film C4 also trimmed by IDR700,000/ton ($50/ton) from last week. While for localized LDPE Film cargoes of Southeast Asia origin, the offers decreased by IDR300,000/ton ($21/ton) on a weekly comparison. Contrastingly, the offers for HDPE Injection increased by IDR250,000/ton ($18/ton) compared to the same period. Further added, the offers for local and localized Southeast Asian PP cargoes across all grades were kept stable compared to a week earlier supported by the tight supply in the market. The trader also revealed that there is a possibility for PP cargoes to be concluded below IDR14,000,000/ton-level for a big volume of purchases on cash payment terms.

Regarding the downward adjustment, the trader revealed that it was not due to demand factors; demand is ongoing while supply for PE and PP is relatively tight at the moment. The price decrement made was merely to match with the competitors’ price level, as last week’s offers from the trader were deemed too high by customers. The trader opined to SSESSMENTS.COM that there is a possibility for domestic PE and PP offers to decrease. Since buyers are sourcing cargoes from both the local and import markets, tightness in supply is expected to ease in the near term.

Local/localized PE and PP offers on credit term, FD Indonesia basis, excluding 10% VAT in all terms

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaHDPE Blow MouldingOffer Given13,750,00097514 Days Credit Term
Southeast AsiaHDPE Blow MouldingOffer Given13,750,00097514 Days Credit Term
IndonesiaHDPE FilmOffer Given13,750,00097514 Days Credit Term
Southeast AsiaHDPE FilmOffer Given13,750,00097514 Days Credit Term
IndonesiaHDPE InjectionOffer Given14,250,0001,01114 Days Credit Term
Southeast AsiaHDPE InjectionOffer Given14,250,0001,01114 Days Credit Term
Southeast AsiaLDPE FilmOffer Given13,900,00095114 Days Credit Term
IndonesiaLLDPE Film C4Offer Given13,300,00094414 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Given13,300,00094414 Days Credit Term
IndonesiaPP Homo FilmOffer Given14,800,000-15,000,0001,050-1,06414 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given14,800,000-15,000,0001,050-1,06414 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,500,0001,02914 Days Credit Term
Southeast AsiaPP Homo InjectionOffer Given14,500,0001,02914 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,500,0001,02914 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Given14,500,0001,02914 Days Credit Term

Tags: Asia Pacific,English,Indonesia,News,PE,PP,SEA

Published on June 11, 2020 4:52 PM (GMT+8)
Last Updated on June 11, 2020 4:52 PM (GMT+8)