weeklyssessments-indonesia-pe-prices-week-starting-june-15

Orders For PE Finished Products Still Ongoing Despite Upcoming Regulation On Plastic Bags In Indonesia

Market sources informed SSESSMENTS.COM that the orders for PE finished products are still ongoing despite the upcoming regulation on plastic bags in Indonesia. On June 15, the leading Indonesian polyolefins producer announced new HDPE Film and LLDPE Film C4 offers with an upward adjustment of IDR140,000/ton ($10/ton). From the traders’ end, the local offers for HDPE Film were stable while LLDPE Film C4 increased by IDR200,000/ton ($14/ton). However, a distributor decided to lower the offers for local HDPE Film and LLDPE Film C4 cargoes by IDR200,000/ton ($14/ton) and IDR600,000/ton ($42/ton) respectively. For localized cargoes, offers for Southeast Asia HDPE Film cargoes were recorded stable to softer by IDR200,000/ton ($14/ton). Likewise, the offers for localized LDPE Film cargoes of Southeast Asia origin also recorded stable to decrease between IDR500,000-600,000/ton ($35-42/ton). While for localized LLDPE Film C4 cargoes of the same origin, the offers were stable to firmer between IDR100,000-200,000/ton ($7-14/ton). However, some traders decided to apply a downward adjustment of IDR200,000/ton ($14/ton) for localized LLDPE Film C4 cargoes of Southeast Asia origin citing slow demand from their end. All adjustments on a weekly comparison.

From the import market, SSESSMENTS.COM was informed that the offers for import HDPE Film and LLDPE Film C4 cargoes from Thailand increased between $10-50/ton and between $10-40/ton respectively. While for import LDPE Film cargoes of the same origin, the offers were kept stable. All compared to a week earlier. Although the offers for HDPE Film and LLDPE Film C4 cargoes from a Saudi PE producer has not been released yet, customers’ expressed their buy ideas around $790-800/ton. However, traders doubted the offers will be that low since sell ideas for HDPE Film and LLDPE Film C4 from the producer is around $840-850/ton. Additionally, the offers for import HDPE Yarn of Philippines origin are available at $890/ton and the offers are deemed unworkable by the buyers. All offers on LC at sight, CIF Indonesia Main Port basis.

Market sources reported to SSESSMENTS.COM that PE demand in Indonesia has slightly improved compared to last week. Following the “new normal” implemented by the government, customers started to submit orders for finished products as they started to gain confidence. Some converters even stated that the company managed to run the production activity at a full rate. Pertaining to the ban on the single-use plastic bag that was supposed to be implemented on July 1, sources informed that it does not affect demand so far. On the supply side, tightness in the local market persists, especially for LLDPE Film C4 as the leading Indonesian polyolefins producer still has no spot allocation. A converter also reported that the June shipment for import LLDPE Film C4 cargoes from a Singaporean producer will be delayed up to two weeks. While in the production sector, market sources informed that Chandra Asri Petrochemical experienced an unplanned shutdown at its LLDPE plant on June 13. The plant with a capacity of 400,000 tons/year is expected to resume production at the end of June.

Looking ahead, market sources predict that local PE offers will remain firm in the near term as supported by the limited supply in the market. While for the demand, sources expect that it will continue to improve following the “new normal” implementation. Moreover, the current uptrend in PE prices also expected to stimulate buyers to make purchases, SSESSMENTS.COM was told.

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	Offer Received	13,400,000*	943	Cash In Advance
Indonesia	HDPE Blow Moulding	Price List	13,310,000	937	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Given	13,900,000-14,000,000	978-985	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Received	13,600,000*	957	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Purchased	13,800,000	971	30 Days Credit Term
Indonesia	HDPE Film	Offer Given	13,300,000-13,700,000	936-964	Cash In Advance
Indonesia	HDPE Film	Price List	13,150,000-13,450,000	925-943	Cash In Advance
Indonesia	HDPE Film	Offer Received	13,000,000	915	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,800,000-14,000,000	971-985	30 Days Credit Term
Indonesia	HDPE Film	Purchased	14,220,000	1,001	30 Days Credit Term
Malaysia	HDPE Film	Offer Received	13,370,000	941	Cash In Advance
Singapore	HDPE Film	Offer Received	14,000,000	985	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,700,000	964	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	13,900,000	978	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	13,800,000-13,950,000	971-978	30 Days Credit Term
Southeast Asia	HDPE Film	Purchased	13,380,000	942	Cash In Advance
Thailand	HDPE Film	Offer Given	13,000,000	915	Cash In Advance
Malaysia	LDPE Film	Offer Given	13,800,000	971	Cash In Advance
Malaysia	LDPE Film	Purchased	13,600,000	957	Cash In Advance
Malaysia	LDPE Film	Offer Received	13,750,000	968	30 Days Credit Term
Malaysia	LDPE Film	Purchased	14,000,000	985	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	14,600,000	1,027	30 Days Credit Term
Thailand	LDPE Film	Offer Given	13,400,000-13,500,000	943-950	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,300,000-13,500,000	936-950	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	13,000,000	915	Cash In Advance
Indonesia	LLDPE Film C4	Price List	13,040,000	918	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,600,000-13,650,000	887-961	Cash In Advance
Indonesia	LLDPE Film C4	Sold	12,900,000	908	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,800,000-14,00,000	971-985	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	13,000,000	915	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	12,940,000	911	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	13,250,000	932	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	13,500,000	950	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	12,900,000	908	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	13,600,000-13,950,000	957-978	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	13,100,000	922	Cash In Advance
Thailand	LLDPE Film C4	Offer Given	13,000,000	915	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	13,300,000	936	Cash In Advance
Indonesia	mLLDPE C6	Price List	14,990,000	1,055	Cash In Advance

Description: *Offers valid on June 15

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

Origin	Product	Transaction Type	Offers (USD/ton)
Southeast Asia	HDPE Blow Moulding	Offer Given	870
Southeast Asia	HDPE Blow Moulding	Price List	900
Far East Asia	HDPE Film	Offer Received	875**
Middle East	HDPE Film	Buy Idea	790-850
Middle East	HDPE Film	Sell Idea	840-850
Southeast Asia	HDPE Film	Bid Received	800-820
Southeast Asia	HDPE Film	Offer Given	870-910
Southeast Asia	HDPE Film	Offer Received	890-900
Southeast Asia	HDPE Film	Price List	900
Southeast Asia	HDPE Yarn	Offer Given	870-890
Southeast Asia	LDPE Film	Offer Given	910-930
Southeast Asia	LDPE Film	Price List	970
Middle East	LLDPE Film C4	Offer Received	780-800
Middle East	LLDPE Film C4	Buy Idea	790-800
Middle East	LLDPE Film C4	Sell Idea	840-850
Middle East	LLDPE Film C4	Purchased	790-800
Middle East	LLDPE Film C4	Sold	800-820
North America	LLDPE Film C4	Offer Given	830
North America	LLDPE Film C4	Purchased	800*
North America	LLDPE Film C4	Sold	830*
Southeast Asia	LLDPE Film C4	Bid Given	800
Southeast Asia	LLDPE Film C4	Bid Received	800-820
Southeast Asia	LLDPE Film C4	Offer Given	860-890
Southeast Asia	LLDPE Film C4	Offer Received	830-900
Southeast Asia	mLLDPE C6	Offer Given	900

Description: *Shipment from Port Klang, Malaysia **Allocation has been sold out

WeeklySSESSMENTS: Indonesia PE Prices Week Starting June 15

Author: SSESSMENTS

WeeklySSESSMENTS: Indonesia PE Prices Week Starting June 15

Author: SSESSMENTS

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