weeklyssessments-indonesia-pe-prices-week-starting-june-8

Upstream PE Market In Indonesia Enjoying Rising Demand Amid Nonchalant Downstream Market

Upstream players in the Indonesia PE market are enjoying a tremendous trend amid a nonchalantly downstream market. Market sources in Indonesia reported to SSESSMENTS.COM that the leading polyolefins producer in the country has announced a fresh price list for the week commencing June 8, 2020. The producer initiated an upward adjustment of between IDR110,000-130,000/ton ($7-9/ton) on HDPE grades and between IDR70,000-140,000/ton ($4-9/ton) on LLDPE grades. Meanwhile, offers for mLLDPE C6 grade dropped by IDR390,000/ton ($27/ton). All changes compared to the previous price list announced on June 2, 2020. From traders’ side, offers for HDPE Film ranging between IDR12,750,000-13,600,000/ton ($904-964/ton) for HDPE Film, same as LLDPE Film C4. All local/localized offers are on cash, FD Indonesia basis and excluding 10% VAT.

SSESSMENTS.COM pricing database showed that adjustment was applied on import Southeast Asia PE offers to Indonesia market. According to a local converter, import HDPE Blow Moulding offers of Singapore origin to Indonesia were hiked by $100/ton as compared to last month. The latest offers stand at $870/ton. Meanwhile, Thailand origin HDPE grades are now at $850-860/ton, while LDPE Film and LLDPE Film C4 at $910/ton and $840-850/ton respectively. Thailand origin PE cargoes recorded an increase of $50/ton for HDPE Film, $40/ton for LLDPE Film C4, and $10/ton for LDPE Film, all as compared to last week’s offers. All import offers are on LC at sight, CIF Indonesia Main Port basis.

Market players reported to SSESSMENTS.COM that resins demand is healthy this week with inquiries continuing to arrive, while many suppliers not having many cargoes to sell right now. Speaking about downstream production, some converters are still running at a reduced rate to offset sluggish demand for end-products, with exceptions for the hygiene and health-related products which are still enjoying rising demand amid pandemic. Regarding supply, tightness reported as market sources informed that the leading polyolefins producer in the country does not have offers for spot cargoes this week due to low material availability and backlogs.

Considering the firm crude oil and monomer prices coupled with short supply from producers and traders, the pricing outlook for domestic and import markets would remain positive up to the end of June. Talking about demand outlook, converters told SSESSMENTS.COM that end-product’s sales would remain slow as long as physical distancing extends since the biggest consumption of plastic packaging is coming from big cities, but there is possibility for demand to pick-up as shown during the transition phase to the new normal in Jakarta as of recent.

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

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Price List	IDR	13,170,000	934	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Given	IDR	13,750,000	975	14 Days Credit Term
Indonesia	HDPE Blow Moulding	Purchased	IDR	13,800,000	978	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	IDR	13,750,000	975	14 Days Credit Term
Indonesia	HDPE Film	Price List	IDR	13,010,000-13,310,000	922-944	Cash In Advance
Indonesia	HDPE Film	Offer Given	IDR	13,750,000	975	14 Days Credit Term
Indonesia	HDPE Film	Offer Given	IDR	13,800,000-14,000,000	978-993	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	IDR	12,750,000-13,600,000	904-964	Cash In Advance
Indonesia	HDPE Film	Offer Received	USD	1,004	-	Cash In Advance
Malaysia	HDPE Film	Purchased	IDR	13,100,000	929	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	IDR	13,750,000	975	14 Days Credit Term
Southeast Asia	HDPE Film	Offer Received	IDR	13,250,000-13,900,000	939-986	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	IDR	13,600,000-13,950,000	964-989	30 Days Credit Term
Southeast Asia	HDPE Film	Purchased	IDR	13,720,000	973	30 Days Credit Term
Thailand	HDPE Film	Offer Given	IDR	13,200,000-13,400,000	936-950	Cash In Advance
Malaysia	LDPE Film	Offer Received	IDR	13,950,000	989	30 Days Credit Term
Malaysia	LDPE Film	Purchased	IDR	13,650,000	968	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	IDR	14,440,000	1,024	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	USD	1,025	-	Cash In Advance
Southeast Asia	LDPE Film	Offer Given	IDR	13,900,000	986	14 Days Credit Term
Thailand	LDPE Film	Offer Given	IDR	14,000,000	993	Cash In Advance
Thailand	LDPE Film	Sold	IDR	13,900,000	986	Cash In Advance
Indonesia	LLDPE Film C4	Price List	IDR	12,900,000	915	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	IDR	13,300,000	943	14 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	IDR	13,800,000-14,000,000	978-993	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	IDR	12,750,000-13,800,000	904-978	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	IDR	13,700,000-13,800,000	971-978	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	USD	994	-	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	IDR	13,200,000	936	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	IDR	13,550,000	961	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	IDR	13,300,000	943	14 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	IDR	12,650,000-13,250,000	897-939	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	IDR	13,600,000-13,950,000	964-989	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	IDR	13,720,000	973	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Given	IDR	13,200,000	936	Cash In Advance
Indonesia	mLLDPE C6	Price List	IDR	14,990,000	1,063	Cash In Advance

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 Received	870
Southeast Asia	HDPE Blow Moulding	Offer Given	850-860
Middle East	HDPE Film	Offer Received	740-790
Middle East	HDPE Film	Purchased	740
Middle East	HDPE Film	Sold	820-830
Southeast Asia	HDPE Film	Offer Received	820
Southeast Asia	HDPE Film	Offer Given	850-860
Southeast Asia	HDPE Injection	Offer Given	850-860
Southeast Asia	HDPE Yarn	Offer Given	850-860
Southeast Asia	LDPE Film	Offer Given	910-930
Middle East	LDPE Film	Offer Received	860-870
Southeast Asia	LDPE Film	Offer Received	900-960
Middle East	LLDPE Film C4	Offer Received	770-840*
Middle East	LLDPE Film C4	Purchased	770
Middle East	LLDPE Film C4	Sold	820-830
Southeast Asia	LLDPE Film C4	Offer Given	820-850
Southeast Asia	LLDPE Film C4	Offer Received	820-840
Southeast Asia	LLDPE Film C4	Sold	820
North America	LLDPE Film C4	Offer Given	830
North America	LLDPE Film C4	Buy Idea	775-780
North America	LLDPE Film C4	Sold	820-830**

Description: *Shipment from Singapore; **Shipment from Port Klang, Malaysia

WeeklySSESSMENTS: Indonesia PE Prices Week Starting June 8

Author: SSESSMENTS

WeeklySSESSMENTS: Indonesia PE Prices Week Starting June 8

Author: SSESSMENTS

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