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DailySSESSMENTS: SEA PE Price 11th May 2020

Author: SSESSMENTS

- An Indonesian converter told SSESSMENTS.COM that the second-largest local trading house in the country has increased the offers significantly as the company claimed that the supply is limited. However, the source is not able to disclose the exact number of increment. The latest offer received for localized HDPE Film of Southeast Asia origin stands at IDR12,600,000/ton ($843/ton) on 30 days credit term, FD Indonesia basis and excluding 10% VAT. For the end product, the converter stated that demand for single-use plastic bags is healthy since two weeks ago and the converter believe that the demand will remain strong in the upcoming week. 

- From the producer’s end, the leading Indonesian polyolefins producer has announced a fresh price list for the week commencing May 11. As compared to last week, SSESSMENTS.COM noted that local offers for HDPE Film remain stable, while offers for LLDPE Film C4 increased by IDR260,000/ton ($17/ton). 

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ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent30.97July Settlement1.51
NYMEX24.74June Settlement1.19
Naphtha252CFR Japan11
Ethylene452-460CFR NEA40
Ethylene432-440CFR SEA35
Propylene722-730CFR China25
Propylene677-685FOB Korea30

HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR11,620,000-11,930,000778-798
MalaysiaMYR3,300*-3,400*761-784
PhilippinesPHP50,000884
ThailandTHB27,500-28,750*852-891
Description: *Offers on 30 days credit term

LDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaMYR4,000*-4,150*923-957
ThailandTHB33,250-34,000*1,030-1,053
Description: *Offers on 30 days credit term

LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR11,570,000774
MalaysiaMYR2,890*-3,100*667-715
PhilippinesPHP50,000884
ThailandTHB27,250-28,750*844-891
Description: *Offers on 30 days credit term

Import on LC at sight, CIF Southeast Asia main port basis

OriginProductOffers (USD/ton)
Middle EastHDPE Film710-770*
Southeast AsiaHDPE Film730-780
Middle EastLDPE Film800-860*
Southeast AsiaLDPE Film830-870
Middle EastLLDPE Film C4690**-770
Southeast AsiaLLDPE Film C4710-750
Description: *Shipment from Malaysia and Singapore **Shipment from Port Klang, Malaysia

Tags: All Markets,Daily,English,Freemium,PE,SEA

Published on May 11, 2020 12:29 PM (GMT+8)
Last Updated on October 1, 2020 4:54 PM (GMT+8)