quarterlyssessments-q2-2020-sea-pe-prices

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PE prices found momentum to rebound starting from the second half of May
Overall demand was weak despite some improvements observed in June
Seasonal slowdown amid rainy season overshadows positive pricing outlook for Q3 2020

SSESSMENTS.COM pricing database showed that Southeast Asia PE market began Q2 2020 with a red note. Domestic and import PE offers were on a downtrend in April due to prolonged coronavirus-related lockdowns and the collapse of crude oil prices. As noted, on April 20, the US WTI futures for May contract settled at minus $37.63 per barrel, crashed below zero for the first time in history. Oil supply continued to pile up while trading activities remained scarce amid lockdowns and travel restrictions during the pandemic. Hence, the storage capacity was full, and in turn, urging oil producers to pay traders to get rid of oil. Speaking of PE prices, April delivery offers in Malaysia domestic market dropped by MYR200/ton ($46/ton) from March while local PE offers in Thailand decreased by THB1,000/ton ($32/ton) in total. In the Philippines, the leading polyolefins producer did not quote offers in April; only selling based on customers’ bids, while local traders offered local LLDPE Film C4 cargoes at PHP9,000/ton ($182/ton) lower compared to mid-February. In the import market, May shipment Saudi LLDPE Film C4 to Malaysia went down by $70/ton compared to April shipment, available at $730/ton on LC at sight, CIF Main Port basis. However, buyers’ bids were even lower, mostly at $700/ton on the same payment and delivery terms. Middle Eastern HDPE Film cargoes declined between $20-40/ton on week-on-week comparison. For regional cargoes, Thai PE offers across all grades plunged by $50/ton while Singaporean mLLDPE C6 offers dipped by $20/ton, all on a weekly basis. Detailed information for Indonesia and Vietnam market is available in QuarterlySSESSMENTS of the respective countries.

Moving to May and June, SSESSMENTS.COM noted that PE prices gradually increased starting from the second half of May. The steady improvement in the energy market and limited availability of spot cargoes in the region had provided support to both domestic and import prices. During the second half of May, traders in Malaysia offered local HDPE Film cargoes at MY100/ton ($23/ton) higher from the local producer’s price list as triggered by the relatively tight supply. Likewise, local producers in Thailand made a total increment of between THB1,750-2,000/ton ($56-64/ton) on offers for HDPE Film, LDPE Film, and LLDPE Film C4 during the same period. Whereas PE offers from the leading producer in the Philippines remained absent in the market. From imports, offers for Middle Eastern HDPE Film and LLDPE Film C4 cargoes increased by $10-20/ton on week-on-week comparison while on a monthly basis, June shipment LLDPE Film C4 offers went up by $40/ton. For North American cargoes, US HDPE Film offers to Myanmar increased $80-90/ton while US LLDPE Film C4 to Malaysia surged by $50/ton both on biweekly comparison. From a regional producer, Singapore mLLDPE C6 offers hiked by $30/ton also on biweekly comparison. In June, June delivery PE offers from a Malaysian polyolefins producer moved higher between MYR100-200/ton ($23-46/ton) compared to May. Meanwhile, the leading polyolefins producer in the Philippines made a total increment of between PHP4,000-6,000/ton ($81-121/ton) on offers for HDPE Film and LLDPE Film C4 during June. Similarly, Thai PE producers increased offers THB2,000/ton ($64/ton) in total during the same period. Speaking of imports, offers for Malaysian HDPE Film cargoes for June shipment went up by $70/ton compared to May shipment. Triple-digit increases were captured in import offers from the US and Middle East. Import offers for HDPE Film and LLDPE Film C4 of US origin increased between $130-150/ton on monthly comparison. Import offers for the same products from Middle Eastern suppliers also increased between $120-140/ton for July shipment.

Overall, demand for PE resins in Southeast Asia during Q2 2020 was categorized weak, despite some improvements observed in June. In April-May, demand remained slow in general, although in May, some countries had eased restrictions and allowed industries to start operating at low rates under safety guidelines. Most converters in the region kept operating rates at 50-80% from normal capacity due to slow sales. A sudden shift in crude oil prices in May sent PE prices soaring and caused panic buying in the third week, especially in Thailand but it did not last long. Additionally, Eid Al-Fitr celebration in the final week of May turned the market into a muted mode, especially in Malaysia and Indonesia. Moving to June, demand for PE resins in the region generally improved from the previous two months. As SSESSMENTS.COM noted, tight supply, especially for local materials amid maintenance shutdowns at regional producers’ PE plants cushioned prices from falling and stimulated buyers to secure some volume. Still, some converters showed resistance towards higher offers since the rapid increase in prices was not followed by the demand for end-products amid fears of the resurgence of the coronavirus outbreak.

In the production sector, SSESSMENTS.COM database showed that Thailand’s PTT Public Company Ltd shut its 300,000 tons/year HDPE plant from May 25 until June 7 for maintenance purposes. Additionally, the company’s old LLDPE plant with a capacity of 400,000 tons/year was shut down on June 4 due to technical issues after previously being utilized to produce mLLDPE grades. The plant resumed on the week commencing June 8. In Malaysia, Lotte Chemical Titan shut its 220,000 tons/year HDPE plant for turnaround maintenance on week starting June 8 and restarted production on June 25. In Q3 2020, PTT Public Company Ltd’s new LLDPE plant with an annual capacity of 400,000 tons will be shut for maintenance starting from July 20 until August 8.

Entering Q3 2020, market players in Southeast Asia contacted by SSESSMENTS.COM voiced out a different opinion regarding outlook. Some players believe local and import PE prices will continue to increase citing the limited availability of spot cargoes coupled with high feedstock prices. In contrast, some others predict prices will move lower taking into account the unsupportive demand for finished products due to seasonal slowdown amid the rainy season.

Transactions for local/localized PE in April on FD basis, all excluding VAT, except in PHP term

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Location
Malaysia	HDPE Blow Moulding	Price List	MYR	3,480-3,740	814-875	30 Days Credit Term	Malaysia
Thailand	HDPE Blow Moulding	Offer Given	THB	28,250-28,750	905-921	Cash In Advance	Thailand
Thailand	HDPE Blow Moulding	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Malaysia	HDPE Film	Offer Given	MYR	3,400-3,660	795-856	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Price List	MYR	3,400-4,110	795-961	30 Days Credit Term	Malaysia
Southeast Asia	HDPE Film	Offer Given	PHP	54,000	973	Cash In Advance	Philippines
Middle East	HDPE Film	Sold	THB	27,500	881	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Given	THB	27,000-29,000	865-929	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Thailand	HDPE Film	Offer Received	THB	28,250-28,750	905-921	Cash In Advance	Thailand
Thailand	HDPE Film	Sell Idea	THB	28,500	913	Cash In Advance	Thailand
Thailand	HDPE Film	Sold	THB	27,000	865	Cash In Advance	Thailand
Thailand	HDPE Pipe Black(100)	Offer Received	THB	36,000	1,153	30 Days Credit Term	Thailand
Thailand	HDPE Pipe Black(100)	Purchased	THB	36,000	1,153	30 Days Credit Term	Thailand
Malaysia	LDPE Film	Offer Given	MYR	4,100-4,370	959-1,022	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Offer Received	MYR	4,010-4,340	938-1,015	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Price List	MYR	4,010-4,370	938-1,022	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Purchased	MYR	4,340	1,015	30 Days Credit Term	Malaysia
Southeast Asia	LDPE Film	Offer Given	PHP	64,000	1,153	Cash In Advance	Philippines
Malaysia	LDPE Film	Offer Received	THB	32,000	1,025	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Given	THB	32,000-34,000	1,025-1,089	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Given	THB	34,000	1,089	30 Days Credit Term	Thailand
Thailand	LDPE Film	Offer Received	THB	33,500-33,750	1,073-1,081	Cash In Advance	Thailand
Malaysia	LLDPE Film C4	Offer Given	MYR	3,400-3,620	795-846	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Offer Received	MYR	2,890-3,520	676-823	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Price List	MYR	3,620	846	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Purchased	MYR	2,890-3,180	676-744	30 Days Credit Term	Malaysia
Philippines	LLDPE Film C4	Offer Received	PHP	50,000	901	Cash In Advance	Philippines
Southeast Asia	LLDPE Film C4	Offer Given	PHP	55,000	991	Cash In Advance	Philippines
Thailand	LLDPE Film C4	Offer Given	THB	27,000-29,000	865-929	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Thailand	LLDPE Film C4	Offer Received	THB	28,250-28,750	905-921	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Sell Idea	THB	28,500	913	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Sold	THB	27,000	865	Cash In Advance	Thailand

Transactions for import PE in April on LC at sight, CIF/CFR Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Middle East	HDPE Blow Moulding	Offer Given	850-880	Malaysia
Middle East	HDPE Film	Bid Received	680-700	Malaysia
Middle East	HDPE Film	Offer Given	730-760	Malaysia
Middle East	HDPE Film	Sold	730-740	Malaysia
Middle East	HDPE Film	Offer Received	740-830	Philippines
Middle East	HDPE Film	Offer Given	720-730	Southeast Asia
Middle East	HDPE Film	Sold	720-800	Southeast Asia
Middle East	HDPE Film	Offer Received	750-770	Thailand
Southeast Asia	HDPE Film	Offer Given	800	Philippines
Southeast Asia	HDPE Film	Offer Received	740-760	Philippines
Southeast Asia	HDPE Film	Offer Given	750	Southeast Asia
Southeast Asia	HDPE Film	Offer Given	730	Thailand
Middle East	LDPE Film	Bid Received	800	Malaysia
Middle East	LDPE Film	Offer Given	820-880	Malaysia
Middle East	LDPE Film	Sold	820	Malaysia
Southeast Asia	LDPE Film	Offer Given	940	Philippines
Southeast Asia	LDPE Film	Offer Given	830-900	Southeast Asia
Southeast Asia	LDPE Film	Offer Received	870	Thailand
Middle East	LLDPE Film C4	Bid Given	700	Malaysia
Middle East	LLDPE Film C4	Bid Received	650-720	Malaysia
Middle East	LLDPE Film C4	Offer Given	730-760	Malaysia
Middle East	LLDPE Film C4	Offer Received	700-730	Malaysia
Middle East	LLDPE Film C4	Sold	690	Malaysia
Middle East	LLDPE Film C4	Offer Received	800	Myanmar
Middle East	LLDPE Film C4	Offer Received	780-850	Philippines
Middle East	LLDPE Film C4	Bid Received	650-660	Singapore
Middle East	LLDPE Film C4	Offer Given	750	Singapore
Middle East	LLDPE Film C4	Offer Given	700-710	Southeast Asia
Middle East	LLDPE Film C4	Sold	700-800	Southeast Asia
Middle East	LLDPE Film C4	Offer Received	750-820	Thailand
Middle East	LLDPE Film C4	Purchased	840	Thailand
North America	LLDPE Film C4	Offer Given	730**	Cambodia
North America	LLDPE Film C4	Sold	760**	Cambodia
North America	LLDPE Film C4	Bid Given	680	Malaysia
North America	LLDPE Film C4	Bid Received	680	Malaysia
North America	LLDPE Film C4	Buy Idea	650-660	Malaysia
North America	LLDPE Film C4	Offer Received	750**	Malaysia
Southeast Asia	LLDPE Film C4	Offer Given	790	Philippines
Southeast Asia	LLDPE Film C4	Offer Given	720-750	Southeast Asia
North America	mLLDPE C6	Offer Received	720-800**	Malaysia
North America	mLLDPE C6	Purchased	720*	Malaysia
North America	mLLDPE C6	Offer Received	750-1,020	Philippines
Southeast Asia	mLLDPE C6	Offer Received	1,000	Philippines
North America	mLLDPE C8	Offer Received	1,080	Philippines

Description: *Shipped from Port Klang, Malaysia **Shipped from Singapore ***Offers on EXW Port Klang basis

Transactions for local/localized PE in May on FD basis, all excluding VAT, except in PHP term

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Location
Malaysia	HDPE Blow Moulding	Buy Idea	MYR	3,300	772	30 Days Credit Term	Malaysia
Malaysia	HDPE Blow Moulding	Offer Received	MYR	3,480	814	30 Days Credit Term	Malaysia
Malaysia	HDPE Blow Moulding	Price List	MYR	3,660	856	30 Days Credit Term	Malaysia
Thailand	HDPE Blow Moulding	Offer Given	THB	28,000	897	Cash In Advance	Thailand
Thailand	HDPE Blow Moulding	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Thailand	HDPE Blow Moulding	Offer Received	THB	26,500	849	Cash In Advance	Thailand
Malaysia	HDPE Film	Offer Given	MYR	3,400-3,580	795-837	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Offer Received	MYR	3,300-3,750	772-877	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Price List	MYR	3,580-4,310	837-1,008	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Purchased	MYR	3,300	772	30 Days Credit Term	Malaysia
Southeast Asia	HDPE Film	Offer Given	PHP	54,000	973	Cash In Advance	Philippines
Philippines	HDPE Film	Offer Received	PHP	50,000	901	Cash In Advance	Philippines
Malaysia	HDPE Film	Offer Given	THB	26,500	849	Cash In Advance	Thailand
Thailand	HDPE Film	Buy Idea	THB	27,500	881	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Given	THB	27,000-29,500	865-945	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Thailand	HDPE Film	Offer Received	THB	26,500-29,000	849-929	Cash In Advance	Thailand
Thailand	HDPE Film	Purchased	THB	26,500	849	Cash In Advance	Thailand
Thailand	HDPE Film	Sell Idea	THB	27,500-28,000	881-897	Cash In Advance	Thailand
Thailand	HDPE Film	Sold	THB	27,000-27,500	865-881	Cash In Advance	Thailand
Thailand	HDPE Pipe Black (100)	Offer Received	THB	37,000	1,185	30 Days Credit Term	Thailand
Malaysia	LDPE Film	Offer Given	MYR	4,000-4,110	935-961	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Offer Received	MYR	4,010-4,070	938-952	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Price List	MYR	4,110-4,250	961-994	30 Days Credit Term	Malaysia
Southeast Asia	LDPE Film	Offer Given	PHP	64,000	1,153	Cash In Advance	Philippines
Malaysia	LDPE Film	Offer Given	THB	31,000-32,000	993-1,025	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Given	THB	32,500-34,000	1,041-1,089	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Given	THB	34,000	1,089	30 Days Credit Term	Thailand
Thailand	LDPE Film	Offer Received	THB	31,250-33,250	1,001-1,065	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Received	THB	31,250	1,001	30 Days Credit Term	Thailand
Thailand	LDPE Film	Purchased	THB	31,250	1,001	Cash In Advance	Thailand
Thailand	LDPE Film	Purchased	THB	31,250	1,001	30 Days Credit Term	Thailand
Malaysia	LLDPE Film C4	Offer Given	MYR	3,500	818	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Offer Received	MYR	2,890	676	30 Days Credit Term	Malaysia
Philippines	LLDPE Film C4	Offer Received	PHP	50,000	901	Cash In Advance	Philippines
Southeast Asia	LLDPE Film C4	Offer Given	PHP	55,000	991	Cash In Advance	Philippines
Malaysia	LLDPE Film C4	Offer Given	THB	26,500	849	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Buy Idea	THB	27,500	881	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Offer Given	THB	27,000-29,500	865-945	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Offer Given	THB	28,750	921	30 Days Credit Term	Thailand
Thailand	LLDPE Film C4	Offer Received	THB	26,500-28,500	849-913	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Purchased	THB	26,500	849	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Sell Idea	THB	27,500-28,000	881-897	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Sold	THB	27,000	865	Cash In Advance	Thailand

Transactions for import PE in May on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Middle East	HDPE Blow Moulding	Price List	830	Philippines
Southeast Asia	HDPE Blow Moulding	Offer Received	760	Myanmar
Southeast Asia	HDPE Blow Moulding	Offer Received	780	Philippines
Middle East	HDPE Film	Bid Received	720-760	Malaysia
Middle East	HDPE Film	Offer Given	750-780	Malaysia
Middle East	HDPE Film	Sold	745-755	Malaysia
Middle East	HDPE Film	Offer Received	810	Philippines
Middle East	HDPE Film	Price List	810	Philippines
Middle East	HDPE Film	Purchased	710-740	Thailand
North America	HDPE Film	Offer Received	740	Myanmar
North America	HDPE Film	Offer Received	720	Philippines
North America	HDPE Film	Offer Received	730-740	Thailand
Southeast Asia	HDPE Film	Offer Received	770	Myanmar
Southeast Asia	HDPE Film	Offer Received	750-780	Philippines
Southeast Asia	HDPE Film	Purchased	730-740	Philippines
Southeast Asia	HDPE Film	Offer Given	780-790	Southeast Asia
Middle East	LDPE Film	Offer Given	840-850	Malaysia
Middle East	LDPE Film	Purchased	800	Malaysia
Middle East	LDPE Film	Sold	820-850	Malaysia
Middle East	LDPE Film	Offer Given	840	Philippines
Middle East	LDPE Film	Price List	870-910	Philippines
Southeast Asia	LDPE Film	Offer Received	880-890	Myanmar
Southeast Asia	LDPE Film	Offer Received	850-900	Philippines
Southeast Asia	LDPE Film	Purchased	830	Philippines
Southeast Asia	LDPE Film	Offer Given	880-890	Southeast Asia
Southeast Asia	LDPE Film	Sold	910-920	Southeast Asia
Middle East	LLDPE Film C4	Offer Given	750-770	Malaysia
Middle East	LLDPE Film C4	Offer Received	750	Malaysia
Middle East	LLDPE Film C4	Purchased	710-740	Malaysia
Middle East	LLDPE Film C4	Sell Idea	750	Malaysia
Middle East	LLDPE Film C4	Sold	745	Malaysia
Middle East	LLDPE Film C4	Offer Given	750	Philippines
Middle East	LLDPE Film C4	Offer Received	740-820**	Philippines
Middle East	LLDPE Film C4	Price List	740-890	Philippines
Middle East	LLDPE Film C4	Offer Received	740	Philippines
Middle East	LLDPE Film C4	Purchased	770-800	Thailand
North America	LLDPE Film C4	Bid Given	720-740*	Malaysia
North America	LLDPE Film C4	Offer Received	730-750*	Malaysia
North America	LLDPE Film C4	Purchased	700	Malaysia
Southeast Asia	LLDPE Film C4	Offer Received	780	Myanmar
Southeast Asia	LLDPE Film C4	Offer Given	780-790	Southeast Asia
North America	mLLDPE C6	Purchased	720	Malaysia
North America	mLLDPE C6	Purchased	740	Philippines
Southeast Asia	mLLDPE C6	Offer Received	920	Malaysia
Southeast Asia	mLLDPE C6	Sell Idea	970	Malaysia
Southeast Asia	mLLDPE C6	Offer Received	900-1,040	Philippines
Middle East	mLLDPE C8	Offer Received	1,040	Philippines
Middle East	mLLDPE C8	Price List	1,040	Philippines

Description: *Shipped from US **Shipped from Malaysia/Singapore

Transactions for local/localized PE in June on FD basis, all excluding VAT, except in PHP term

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term	Delivery Location
Malaysia	HDPE Blow Moulding	Price List	MYR	4,040	945	30 Days Credit Term	Malaysia
Philippines	HDPE Blow Moulding	Offer Received	PHP	53,000-56,000	955-1,009	Cash In Advance	Philippines
Malaysia	HDPE Film	Offer Given	MYR	3,580-4,310	837-1,008	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Offer Received	MYR	3,440	804	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Price List	MYR	3,960-4,640	926-1,085	30 Days Credit Term	Malaysia
Malaysia	HDPE Film	Sold	MYR	3,580	837	Cash In Advance	Malaysia
Philippines	HDPE Film	Offer Received	PHP	51,000-57,000	919-1,027	Cash In Advance	Philippines
Philippines	HDPE Film	Offer Received	PHP	54,000	973	60 Days Credit Term	Philippines
Middle East	HDPE Film	Offer Given	THB	27,000	865	Cash In Advance	Thailand
Singapore	HDPE Film	Offer Given	THB	30,000	961	Cash In Advance	Thailand
Singapore	HDPE Film	Sold	THB	29,500	945	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Given	THB	28,000-31,500	897-1,009	Cash In Advance	Thailand
Thailand	HDPE Film	Offer Received	THB	29,000-31,000	929-993	Cash In Advance	Thailand
Thailand	HDPE Film	Sold	THB	28,000-29,500	897-945	Cash In Advance	Thailand
Philippines	HDPE Pipe (PE 100)	Offer Received	PHP	54,000-55,000	973-991	Cash In Advance	Philippines
Malaysia	LDPE Film	Offer Given	MYR	4,210	984	Cash In Advance	Malaysia
Malaysia	LDPE Film	Offer Given	MYR	4,110-4,390	961-1,026	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Offer Received	MYR	3,980-4,310	931-1,008	30 Days Credit Term	Malaysia
Malaysia	LDPE Film	Price List	MYR	4,390-4,530	1,026-1,059	30 Days Credit Term	Malaysia
Southeast Asia	LDPE Film	Offer Received	PHP	64,000	1,153	Cash In Advance	Philippines
Malaysia	LDPE Film	Offer Given	THB	32,000-33,500	1,025-1,073	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Given	THB	32,500-35,000	1,041-1,121	Cash In Advance	Thailand
Malaysia	LDPE Film	Offer Received	THB	30,500-32,000	977-1,025	Cash In Advance	Thailand
Thailand	LDPE Film	Offer Received	THB	33,000-34,000	1,057-1,089	Cash In Advance	Thailand
Malaysia	LDPE Film	Sold	THB	32,000-32,500	1,025-1,041	Cash In Advance	Thailand
Southeast Asia	LDPE Film	Sold	THB	32,500	1,041	Cash In Advance	Thailand
Malaysia	LLDPE Film C4	Offer Given	MYR	4,000	935	Cash In Advance	Malaysia
Malaysia	LLDPE Film C4	Offer Received	MYR	3,390-4,160	793-973	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Price List	MYR	4,270	998	30 Days Credit Term	Malaysia
Malaysia	LLDPE Film C4	Sold	MYR	3,780	884	Cash In Advance	Malaysia
Philippines	LLDPE Film C4	Offer Received	PHP	50,000-57,000	901-1,027	Cash In Advance	Philippines
Philippines	LLDPE Film C4	Offer Received	PHP	54,000	973	60 Days Credit Term	Philippines
Thailand	LLDPE Film C4	Offer Given	THB	28,000-31,500	897-1,009	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Offer Received	THB	29,000-31,000	929-993	Cash In Advance	Thailand
Thailand	LLDPE Film C4	Sold	THB	28,000-29,500	897-945	Cash In Advance	Thailand

Transactions for import PE in June on LC at sight, CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Delivery Country
Southeast Asia	HDPE Blow Moulding	Sold	860	Philippines
Middle East	HDPE Film	Offer Given	780-870	Malaysia
Middle East	HDPE Film	Bid Received	820-830	Malaysia
Middle East	HDPE Film	Offer Received	870	Malaysia
Middle East	HDPE Film	Purchased	790	Malaysia
Middle East	HDPE Film	Offer Given	780	Philippines
Middle East	HDPE Film	Sold	770-780	Philippines
Middle East	HDPE Film	Offer Received	880	Thailand
North America	HDPE Film	Offer Received	870	Malaysia
North America	HDPE Film	Purchased	810*	Malaysia
North America	HDPE Film	Offer Received	790-800	Philippines
Southeast Asia	HDPE Film	Offer Received	850-860	Philippines
Southeast Asia	HDPE Film	Purchased	830	Philippines
Southeast Asia	HDPE Film	Sold	855	Philippines
Southeast Asia	HDPE Film	Sell Idea	850-900	Southeast Asia
Southeast Asia	HDPE Film	Sold	830	Southeast Asia
Central & East Europe	LDPE Film	Offer Given	960-970	Thailand
Middle East	LDPE Film	Offer Given	840-890	Malaysia
Middle East	LDPE Film	Offer Received	920	Myanmar
Middle East	LDPE Film	Offer Given	840-880	Philippines
Middle East	LDPE Film	Offer Received	880	Philippines
Middle East	LDPE Film	Sold	830	Philippines
Southeast Asia	LDPE Film	Price List	990	Malaysia
Southeast Asia	LDPE Film	Sell Idea	940	Southeast Asia
Southeast Asia	LDPE Film	Offer Given	930-940	Thailand
Southeast Asia	LDPE Film	Offer Received	870-890	Thailand
Middle East	LLDPE Film C4	Sell Idea	860**	Cambodia
Middle East	LLDPE Film C4	Offer Given	770-860	Malaysia
Middle East	LLDPE Film C4	Purchased	780	Malaysia
Middle East	LLDPE Film C4	Sold	780-800	Malaysia
Middle East	LLDPE Film C4	Bid Given	790-800	Malaysia
Middle East	LLDPE Film C4	Bid Received	800-820	Malaysia
Middle East	LLDPE Film C4	Offer Received	830-920	Malaysia
Middle East	LLDPE Film C4	Sell Idea	860**	Malaysia
Middle East	LLDPE Film C4	Offer Given	770-840	Philippines
Middle East	LLDPE Film C4	Offer Received	840-920	Philippines
Middle East	LLDPE Film C4	Sold	760-770	Philippines
Middle East	LLDPE Film C4	Offer Received	920	Southeast Asia
Middle East	LLDPE Film C4	Offer Received	810-950	Thailand
Middle East	LLDPE Film C4	Purchased	810-920	Thailand
North America	LLDPE Film C4	Offer Received	750-830	Malaysia
North America	LLDPE Film C4	Purchased	750-770	Malaysia
North America	LLDPE Film C4	Offer Received	790-840	Philippines
Southeast Asia	LLDPE Film C4	Offer Received	850	Philippines
Southeast Asia	LLDPE Film C4	Sold	845	Philippines
Southeast Asia	LLDPE Film C4	Sell Idea	850-900	Southeast Asia
North America	mLLDPE C6	Offer Received	800*-870	Malaysia
North America	mLLDPE C6	Purchased	800*	Malaysia
North America	mLLDPE C6	Offer Received	800	Philippines
Southeast Asia	mLLDPE C6	Offer Received	1,080-1,160	Philippines

Description: *Offers on EXW basis **Shipped from Singapore

Transactions for export PE in June on LC at sight, FOB Philippines basis

Origin	Product	Transaction Type	Offers (USD/ton)
Philippines	HDPE Film	Offer Received	900
Philippines	LLDPE Film C4	Offer Received	900
Philippines	LLDPE Film C4	Purchased	840

Tags: Asia Pacific,English,PE,Quarterly,SEA

Published on July 9, 2020 10:06 AM (GMT+8)
Last Updated on September 24, 2020 4:13 PM (GMT+8)

QuarterlySSESSMENTS: Q2 2020 SEA PE Prices

Author: SSESSMENTS

QuarterlySSESSMENTS: Q2 2020 SEA PE Prices

Author: SSESSMENTS

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