NewsSSESSMENTS: Review Of Southeast Asia HDPE Film Market Week 4, January 20-24

Author: SSESSMENTS



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  • Middle East origin $840-910/ton

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  • North America origin $840/ton

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  • Southeast Asia origin $910-960/ton


Comments by market players on HDPE Film market as follows: 


“A Middle Eastern producer is offering HDPE Film to Thailand market at $820/ton on LC at sight, CIF Thailand Main Port basis. Considering the current offer level from the other Middle Eastern producers, we opined that the cargoes from the producer might see good responses from buyers as the offers are more competitive compared to other Middle Eastern producers,” a Thai-based trader reported to SSESSMENTS.COM


“The offers for Kuwaiti HDPE Film via a trader are $50/ton higher compared to a month earlier. The trader stated that there is still room available for negotiation. While the offers from the producer have yet to be announced. Hence, we decided not to proceed with procurements and preferred to wait for the official offers from the producer as well as other foreign producers, which are expected to come out by next week,” an Indonesian converter informed. 


“We decided to increase the offers for PE across all grades to Indonesia market between $10-20/ton on a weekly comparison. However, the customers are hesitant to purchase the cargoes as the cargoes will only be available for March shipment,” a Thai PE producer stated to SSESSMENTS.COM


“By the end of the week commencing January 13, the offers for Middle Eastern HDPE Film increased between $40-50/ton compared to the offer level at the beginning of the week. The offers stood at $910/ton on LC at sight, CIF Vietnam Main Port basis,” a Vietnamese trader stated. 


“We decided to skip offering to Malaysia market for the week commencing January 20 as the market is quiet due to the Lunar New Year celebration. For the February shipment, we are planning to increase the offers between $30-40/ton compared to the offer level available in a week earlier. However, we will have to monitor the market condition after the Lunar New Year celebration as well. If the demand condition shows no sign of improvement, we will only increase the offers around $20-30/ton,” a Qatari PE producer explained to SSESSMENTS.COM.



 











Transactions for import HDPE Film between January 20 to January 24 on LC at sight, CIF Main Port basis

Description:

OriginTransaction TypeOffers (USD/ton)Delivery Country
Middle EastBuy Idea870-900Indonesia
Middle EastOffer Received840-890Indonesia
Middle EastSell Idea850-880Malaysia
Middle EastOffer Received820Thailand
Middle EastOffer Received910Vietnam
North AmericaBid Given830Indonesia
North AmericaOffer Received840Indonesia
North AmericaSell Idea865-870Vietnam
Southeast AsiaOffer Given920-930Indonesia
Southeast AsiaOffer Received910Indonesia
Southeast AsiaPrice List960Indonesia

Tags: Asia Pacific,English,EN PE SEA NSS,NewsSSESSMENTS,Polyethylene (PE),Southeast Asia HDPE prices,PE Prices,SEA HDPE market

January 27, 2020 10:55 AM