weeklyssessments-indonesia-pe-prices-week-starting-may-4

Market sources opined to SSESSMENTS.COM that the Coronavirus pandemic will put a cap on the positive outlook for Indonesia PE market. This week, the leading Indonesian polyolefins producer decided to reduce HDPE Film and HDPE Blow Moulding offers between IDR130,000-140,000/ton ($8.5-9/ton) and by IDR130,000/ton ($8.5/ton) respectively. From the traders’ end, the offers for local HDPE Film cargoes were adjusted down by IDR300,000/ton ($20/ton) while the offers for localized Southeast Asian HDPE Film and HDPE Blow Moulding decreased by IDR100,000/ton ($6.5/ton). For LLDPE Film C4, the leading polyolefins producer reduced offers by IDR290,000/ton ($19/ton). For localized Southeast Asian cargoes, the offers for LDPE Film and LLDPE Film C4 decreased by IDR300,000/ton ($20/ton) and IDR100,000/ton ($6.5/ton) respectively. All compared to last week’s levels. Meanwhile, some traders initiated upward adjustments following an unplanned shutdown at the leading Indonesian polyolefins producer’s plant. Compared to Tuesday level, offers for local and localized Thailand cargoes via traders increased between IDR400,000-420,000/ton ($26-28/ton) for HDPE Film and IDR500,000-530,000/ton ($33-35/ton) for LLDPE Film C4.

From the import market, the offers for HDPE Film, HDPE Blow Moulding, and HDPE Yarn from a Thai PE producer were kept stable on a weekly comparison at $730/ton on LC at sight, CIF Indonesia Main Port basis. While for LDPE Film and LLDPE Film C4, SSESSMENTS.COM noted that the producer increased offers to the Indonesia market by $5/ton from last week following the higher production costs.

In general, PE demand in Indonesia remains sluggish, no significant improvement noted despite production issues at the leading Indonesian polyolefins producer. For finished products, healthy demand is only captured for essential products. While for the converters whose demand is affected by the pandemic, SSESSMENTS.COM was told that the company already halted its production or running at a reduced rate around 50-80% from the normal capacity. Regarding the Eid Al-Fitr holiday, most players will be away from their desk starting from May 16-18 until June 2. On the production side, a source with knowledge of the matter informed that the leading Indonesian polyolefins producer is having an unplanned shutdown at its PE plants and cracker unit. Due to this, delivery for HDPE Film will be delayed around two weeks while for LLDPE Film C4, the delivery will be delayed until an unspecified time. However, the producer has yet to confirm this issue.

Pertaining to the outlook, market sources opined to SSESSMENTS.COM that there is a possibility for PE prices to decrease further as the market situation will remain the same unless the Coronavirus pandemic is over. While other sources prefer to monitor market movement since many uncertainties exist.

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

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Offer Given	12,500,000	824	Cash In Advance
Indonesia	HDPE Blow Moulding	Price List	12,010,000	792	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Given	12,700,000	838	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Price List	12,020,000	793	30 Days Credit Term
Singapore	HDPE Blow Moulding	Offer Given	12,700,000	838	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	12,500,000	824	Cash In Advance
Indonesia	HDPE Film	Offer Given	11,600,000-12,000,000	765-792	Cash In Advance
Indonesia	HDPE Film	Offer Received	11,200,000-11,700,000	739-772	Cash In Advance
Indonesia	HDPE Film	Price List	11,620,000-11,930,000	766-787	Cash In Advance
Indonesia	HDPE Film	Purchased	12,360,000	815	Cash In Advance
Indonesia	HDPE Film	Offer Given	12,000,000	792	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	11,790,000	778	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	12,000,000	792	Cash In Advance
Southeast Asia	HDPE Film	Purchased	11,500,000	759	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	12,000,000-12,180,000	792-798	30 Days Credit Term
Thailand	HDPE Film	Offer Given	11,220,000-12,000,000	740-792	Cash In Advance
Malaysia	LDPE Film	Offer Received	15,000,000	989	Cash In Advance
Southeast Asia	LDPE Film	Offer Given	14,700,000	970	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	14,700,000	970	30 Days Credit Term
Thailand	LDPE Film	Offer Given	14,600,000-14,700,000	963-970	Cash In Advance
Thailand	LDPE Film	Offer Received	14,250,000	940	Cash In Advance
Thailand	LDPE Film	Bid Received	14,200,000	937	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	11,300,000-12,000,0000	745-792	Cash In Advance
Indonesia	LLDPE Film C4	Bid Given	10,900,000	719	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	11,000,000-12,000,000	726-792	Cash In Advance
Indonesia	LLDPE Film C4	Price List	11,310,000	746	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	11,810,000	779	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	11,300,000	745	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	12,200,000	805	30 Days Credit Term
Malaysia	LLDPE Film C4	Purchased	11,000,000-11,300,000	726-745	Cash In Advance
Malaysia	LLDPE Film C4	Purchased	11,000,000-11,300,000	726-745	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	11,500,000	759	Cash In Advance
Southeast Asia	LLDPE Film C4	Buy Idea	10,900,000-11,000,000	719-726	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	11,200,000-11,590,000	739-759	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Given	10,970,000-11,500,000	724-759	Cash In Advance
Thailand	LLDPE Film C4	Bid Given	10,800,000-11,000,0000	712-726	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	11,100,000	732	Cash In Advance
Indonesia	mLLDPE C6	Price List	14,800,000	976	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 Given	730
Middle East	HDPE Film	Offer Given	750-770
Middle East	HDPE Film	Offer Received	720
Middle East	HDPE Film	Purchased	720
Southeast Asia	HDPE Film	Offer Given	730
Southeast Asia	HDPE Yarn	Offer Given	730
Middle East	LDPE Film	Offer Given	850
Middle East	LDPE Film	Offer Received	800
Middle East	LDPE Film	Purchased	800
Southeast Asia	LDPE Film	Offer Given	870
Central Asia	LLDPE Film C4	Offer Received	680
Middle East	LLDPE Film C4	Offer Received	690-720
Middle East	LLDPE Film C4	Purchased	690*-720
Middle East	LLDPE Film C4	Sell Idea	750
North America	LLDPE Film C4	Purchased	660-675
Southeast Asia	LLDPE Film C4	Offer Given	735
Southeast Asia	LLDPE Film C4	Offer Received	730
Southeast Asia	mLLDPE C6	Offer Given	890-900
Southeast Asia	mLLDPE C6	Offer Received	900
Southeast Asia	mLLDPE C6	Purchased	900

Description: *Shipment from Port Klang, Malaysia

WeeklySSESSMENTS: Indonesia PE Prices Week Starting May 4

Author: SSESSMENTS

WeeklySSESSMENTS: Indonesia PE Prices Week Starting May 4

Author: SSESSMENTS

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