- As the spread of the Coronavirus has sent the demand for PE grades spiraling downward, an Indonesian trader made a decision to adjust down their offers on a weekly basis. As compared to the previous week, the trader initiated a price reduction of IDR300,000/ton ($20/ton) for local HDPE Film cargoes, available at IDR11,600,000/ton ($767/ton) on cash, FD Indonesia basis and excluding 10% VAT. As for LLDPE Film C4, the latest offers from the trader are available in the market at IDR11,300,000/ton ($747/ton) with the same payment and delivery terms, without minimum quantity requirement.
- As stated to SSESSMENTS.COM, an Indonesian converter managed to secure a deal for import Saudi HDPE Film and LLDPE Film C4 at $720/ton on LC at sight, CIF Indonesia Main Port basis, the same to the initial offer levels. As for Singapore origin, the converter mentioned that a Singaporean producer has yet to release the offers for this week. From the company’s end, the converter has seen a significant reduction in shopping and garbage bags demand as the Coronavirus outbreak intensifies. As a result, the converter reduced operating rates around 50% from the normal output.
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| Product | Price (USD) | Terms | "Changes From Previous Trading Day (USD)" |
|---|
| Brent | 27.20 | July Settlement | 0.76 |
| NYMEX | 20.39 | June Settlement | 0.61 |
| Naphtha | 217 | CFR Japan | 12 |
| Ethylene | - | CFR NEA | No Settlement* |
| Ethylene | - | CFR SEA | No Settlement* |
| Propylene | - | CFR China | No Settlement* |
| Propylene | - | FOB Korea | No Settlement* |
Description: *No settlement due to Labor Day holiday
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 | 11,600,000 | 767 |
| Malaysia | MYR | 3,400* | 786 |
| Philippines | PHP | 59,000-60,000 | 1,040-1,057 |
| Thailand | THB | 27,000-28,750* | 831-885 |
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)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | IDR | 15,000,000 | 992 |
| Thailand | IDR | 14,250,000 | 942 |
| Malaysia | MYR | 4,010*-4,150* | 927-960 |
| Thailand | THB | 32,000-34,000* | 985-1,046 |
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 | 11,300,000 | 747 |
| Malaysia | MYR | 2,890*-3,100* | 668-717 |
| Philippines | PHP | 50,000 | 881 |
| Thailand | THB | 27,000-28,750* | 831-885 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 710-770* |
| Southeast Asia | HDPE Film | 740-790 |
| Middle East | LDPE Film | 800-860* |
| Southeast Asia | LDPE Film | 870-930 |
| Central Asia | LLDPE Film C4 | 680 |
| North America | LLDPE Film C4 | 660-710 |
| Middle East | LLDPE Film C4 | 690**-770 |
| Southeast Asia | LLDPE Film C4 | 730 |
Description: *Shipment from Malaysia and Singapore **Shipment from Port Klang, Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on May 5, 2020 12:30 PM (GMT+8)
Last Updated on May 5, 2020 1:35 PM (GMT+8)
