- An Indonesian converter informed SSESSMENTS.COM that last week, the company closed a deal for Thailand LLDPE Film C4 at $745/ton on LC at sight, CIF Indonesia main port basis. As for this week, the converter said that the company did not receive any offers since their stock is still sufficient. Speaking of the demand, sales for flexible packaging in the domestic market remain satisfactory.
- A Malaysian trader shared with SSESSMENTS.COM that their offers for local HDPE Film, LDPE Film, and LLDPE Film C4 remain stable from last week. Inquiries remain limited as converters are only running at 50% from the normal capacity. The converter added that the third-party warehouses in Malaysia are reported full; stocks for both raw materials and finished products are piling up, which indicates a slow business. For the trading firms, the trader heard only one trading firm has been granted permission to reopen by MITI (Ministry of International Trading and Industry), others are still waiting for the approval. From the trader’s end, if the company managed to conclude deals with customers, the issue will be how to deliver the materials as they do not have permission to operate yet.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 25.57 | June Settlement | -2.51 |
| NYMEX | -37.63 | May Settlement | -55.9 |
| Naphtha | 196 | CFR Japan | -2 |
| Ethylene | 382-390 | CFR NEA | -9 to -11 |
| Ethylene | 342-350 | CFR SEA | -5 |
| Propylene | 662-670 | CFR China | -4 to -6 |
| Propylene | 612-620 | FOB Korea | -4 to -6 |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 11,850,000-12,300,000 | 763-792 |
| Southeast Asia | IDR | 12,460,000*-13,200,000* | 802-850 |
| Malaysia | MYR | 3,660* | 836 |
| Philippines | PHP | 59,000-60,000 | 1036-1054 |
| Thailand | THB | 27,500-28,250 | 845-868 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,270*-4,370* | 975-998 |
| Thailand | THB | 32,500-33,000 | 999-1014 |
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)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 11,900,000-13,000,000* | 766-837 |
| Southeast Asia | IDR | 12,350,000*-12,600,000* | 795-811 |
| Malaysia | MYR | 3,620* | 826 |
| Philippines | PHP | 50,000 | 878 |
| Thailand | THB | 27,500-28,250 | 845-868 |
Description: *Offers on 30 days credit term
Import on cash/LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 740*-750 |
| North America | HDPE Film | 740 |
| Southeast Asia | HDPE Film | 760 |
| Middle East | LDPE Film | 860-880 |
| Southeast Asia | LDPE Film | 850-930 |
| Middle East | LLDPE Film C4 | 720*-760 |
| Southeast Asia | LLDPE Film C4 | 710-750 |
Description: *Offers on CIP basis
Tags: Asia Pacific,Daily,English,Indonesia,Malaysia,PE,SEA
Published on April 21, 2020 2:04 PM (GMT+8)
Last Updated on April 24, 2020 10:56 AM (GMT+8)
