weeklyssessments-indonesia-pe-prices-week-starting-july-20

As reported to SSESSMENTS.COM, sellers in Indonesia applied different pricing strategies for PE. On the week commencing July 20, the leading Indonesian polyolefins producer decided to roll over offers for all PE grades from the previous price list. While a local PE producer announced a fresh price list with an increment of IDR300,000/ton ($20/ton) for all PE grades. The producer provided a discount of IDR75,000-150,000/ton ($5-10/ton) depending on purchasing volume. Follow suit, some traders increased local HDPE Film and LLDPE Film C4 by the same amount. However, some other traders trimmed offers for local and localized Malaysia and Southeast Asia HDPE Film and LLDPE Film C4 cargoes between IDR200,000-310,000/ton ($14-20/ton) and IDR100,000-450,000/ton ($7-31/ton), respectively. As for localized Thai cargoes, a Thai producer increased localized offers for HDPE Film, LDPE Film, and LLDPE Film C4 between IDR300,000-400,000/ton ($20-27/ton) as supported by Rupiah depreciation. All price changes on the week-on-week comparison.

From the import market, a Thai PE producer maintained stable offers for all PE grades from last week’s levels. However, the producer acknowledged that the current offers would not be able to compete with local offers; hence, the company is not aggressively selling this week. Compared to the same period, LDPE Film and LLDPE Film C4 from a Qatari producer dropped by $20/ton, while for HDPE Film, no offers available as the producer has sold out all allocation since the previous week. Meanwhile, offers for Singaporean HDPE Film and HDPE Blow Moulding surged by $70/ton on the monthly comparison. As for US cargoes, PE offers from this origin were scarce this week. However, SSESSMENTS.COM noted that a global trading house expressed sell idea for US LLDPE Film C4 between $855-860/ton on LC at sight, CIF Indonesia Main Port basis. For other grades, offers fo US mLLDPE C6 were available at $900/ton on the same payment and delivery term with shipment from Singapore.

According to market players, the PE market in Indonesia is quiet during the week. Buyers are not in a rush to replenish materials on the back of sufficient inventory and prefer to wait and monitor market movements in anticipation of lower PE prices in the upcoming weeks. Moreover, the ban on single-use plastic bags in Jakarta has dampened PE demand, particularly HDPE Film. On the supply side, as informed to SSESSMENTS.COM, the leading Indonesian polyolefins producer is under pressure to sell PE cargoes due to overstock, yet, some sources mentioned that PE supply in Medan is limited.

Looking ahead, Indonesian market players shared diverse opinions regarding PE pricing outlook. Some believe that with no support from demand, local PE prices will drop in the near term. However, the rest opine that PE prices will remain firm due to Rupiah depreciation, as stated to SSESSMENTS.COM.

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

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent In USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Price List	14,680,000-15,100,000	1,002-1,031	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Given	14,500,000	990	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Received	14,200,000	970	Cash In Advance
Southeast Asia	HDPE Blow Moulding	Offer Given	14,500,000	990	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,800,000-14,100,000	942-963	Cash In Advance
Indonesia	HDPE Film	Offer Given	14,150,000-15,100,000	966-1,031	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	13,900,000-14,700,000	949-1,004	Cash In Advance
Indonesia	HDPE Film	Offer Received	14,000,000-15,100,000	956-1,031	30 Days Credit Term
Indonesia	HDPE Film	Price List	14,380,000-15,100,000	982-1,031	Cash In Advance
Singapore	HDPE Film	Offer Received	15,100,000	1,031	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	14,100,000	963	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	13,900,000-14,000,000	949-956	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	14,000,000-14,900,000	956-1,018	30 Days Credit Term
Thailand	HDPE Film	Offer Given	14,240,000-14,700,000	972-1,004	Cash In Advance
Thailand	HDPE Film	Offer Received	13,900,000	949	Cash In Advance
USA	HDPE Film	Offer Received	15,200,000	1,038	Cash In Advance
Malaysia	LDPE Film	Offer Received	15,000,000-15,100,000	1,024-1,031	Cash In Advance
Southeast Asia	LDPE Film	Offer Given	15,000,000	1,024	Cash In Advance
Thailand	LDPE Film	Offer Given	15,100,000-15,200,000	1,031-1,038	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,800,000-14,100,000	942-963	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	14,150,000-15,100,000	966-1,031	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	13,900,000-14,700,000	949-1,004	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	13,800,000	942	30 Days Credit Term
Indonesia	LLDPE Film C4	Price List	14,470,000-15,300,000	988-1,045	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	13,600,000-13,700,000	929-936	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Given	14,100,000	963	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	13,900,000	949	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	15,000,000-15,250,000	1,024-1,041	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	13,820,000	944	Cash In Advance
Thailand	LLDPE Film C4	Buy Idea	13,500,000	922	Cash In Advance
Thailand	LLDPE Film C4	Offer Given	13,800,000-14,500,000	942-990	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	13,600,000-13,900,000	929-949	Cash In Advance
Thailand	LLDPE Film C4	Sold	14,500,000	990	Cash In Advance
Indonesia	mLLDPE C6	Price List	16,230,000	1,108	Cash In Advance

Description: *FD Medan basis

Import PE offers on LC at sight, CIF Indonesia Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Southeast Asia	HDPE Blow Moulding	Price List	960
Southeast Asia	HDPE Blow Moulding	Offer Given	920-990
Middle East	HDPE Film	Buy Idea	900
Southeast Asia	HDPE Film	Price List	960
Southeast Asia	HDPE Film	Offer Given	920-990
Middle East	LDPE Film	Offer Received	940-960
Southeast Asia	LDPE Film	Price List	1,020
Southeast Asia	LDPE Film	Offer Given	960-1,000
Middle East	LLDPE Film C4	Offer Given	880
Middle East	LLDPE Film C4	Offer Received	860-900
Middle East	LLDPE Film C4	Purchased	860
North America	LLDPE Film C4	Offer Given	855-860
North America	LLDPE Film C4	Offer Received	850-890
North America	LLDPE Film C4	Sell Idea	855-860
Southeast Asia	LLDPE Film C4	Offer Given	930-970
Southeast Asia	LLDPE Film C4	Offer Received	930
North America	mLLDPE C6	Offer Received	900*

Description: *Shipment from Singapore

WeeklySSESSMENTS: Indonesia PE Prices Week Starting July 20

Author: SSESSMENTS

WeeklySSESSMENTS: Indonesia PE Prices Week Starting July 20

Author: SSESSMENTS

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