- Plenty price movement recorded in local and import market
- Market players on a wait-and-see stance after Eid Al-Fitr holiday
- Outlook would be great in early of the month before conundrum descending
Market awash with anticipation of “new normal” after Eid Al-Fitr holiday. Price list for PP Homopolymer grades from the leading Indonesian polyolefins producer edged down between IDR150,000-160,000/ton ($10/ton) on the week commencing May 4 before bouncing up by IDR360,000/ton ($24/ton) for PP Homo Film and IDR260,000/ton ($17/ton) for PP Homo Raffia, while PP Random Copolymer Injection moved up between IDR150,000-160,000/ton ($10/ton) on the week commencing May 11. SSESSMENTS.COM’s data showed that the price list for PP Homopolymer and Copolymer grades from the leading Indonesian polyolefins producer surfaced with an upward adjustment of between IDR150,000-300,000/ton ($10-20/ton) on the week starting May 18. After Eid Al-Fitr holiday, the producer’s price list surfaced with an increase of between IDR180,000-200,000/ton ($12-13/ton) for PP Homopolymer grades and IDR200,000/ton ($13/ton) PP Random Copolymer Injection, all on a weekly comparison. From traders’ side, some converters received offers for localized Southeast Asian PP Homo Raffia cargoes with a IDR200,000/ton ($13/ton) reduction on the week commencing May 4. The traders’ offers then moved up between IDR100,000-200,000/ton ($6-13/ton) on week-on-week comparison in line with the local producer’s price list on week starting May 11, before recording gains by another IDR500,000/ton ($34/ton) on week beginning May 18. In the week commencing May 25 and coincided with Eid Al-Fitr holiday, traders reported that the market was running flat as only a few of the converters purchased some cargoes that will be shipped in early June.
Speaking of the import market, the cloudy mood settling in with customers pointed out to SSESSMENTS.COM that offers were not workable. Offers for PP Homo Raffia of Middle East origin on week commencing May 4 were available at $820/ton while PP Homo Film from the same region were available at $765/ton. Middle East origin PP cargoes then set up at $830/ton on the week commencing May 11. However, buyers showed a cold response citing the workable level should be between $740-745/ton on LC at sight, CIF Indonesia Main Port basis. The same sentiment persisted and there were no new offers at the end of April due to Eid Al-Fitr holiday. The latest offers for Middle Eastern PP Homo Raffia cargoes were at $840/ton on LC at sight, CIF Indonesia Main Port basis on May 19.
Market players contacted by SSESSMENTS.COM said overall end-product sales declined on an annual comparison due to the Coronavirus pandemic. While converters run their factories, production limitations due to low orders plus large-scale social restrictions make inventory absorption decrease. As a result, converters as customers decided to postpone procurement activities until June or after the Eid Al-Fitr holiday. On the supply news, Pertamina reportedly experienced an unplanned shutdown at its 45,000 tons/year PP plant on April 27 and resumed their production on the week commencing May 4. Apart from that, there was no supply bottleneck reported in May.
With Eid Al-Fitr holiday ending and, albeit slowly, society activity returning, estimation comes from market players that end-product demand will rise slightly. The market then underwent a little rebound with offers afterwards dependent on the government's fruition to implement the "new normal" procedures in the middle of the Coronavirus pandemic. Even so, orders for raw materials are said to not improve until mid-June from the outlook shared by market players with SSESSMENTS.COM.
Click below to read best reviews on the Indonesia PP market:
WeeklySSESSMENTS: Indonesia PP Prices Week Starting May 18
WeeklySSESSMENTS: Indonesia PP Prices Week Starting May 11
WeeklySSESSMENTS: Indonesia PP Prices Week Starting May 4
MonthlySSESSMENTS: April Indonesia PP Prices
Range of local/localized PP offers between May 1 to May 8, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton | Payment Term |
|---|
| Indonesia | PP Block Copolymer | Price List | 14,480,000 | 987 | Cash In Advance |
| Indonesia | PP Block Copolymer | Offer Given | 14,600,000 | 995 | Cash In Advance |
| Indonesia | PP Homo Film | Price List | 14,220,000 | 969 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 13,600,000-13,800,000 | 927-940 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,250,000 | 971 | 15 Days Credit Term |
| Indonesia | PP Homo Film | Offer Received | 13,500,000 | 920 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Received | 13,900,000-14,200,000 | 947-968 | 15 Days Credit Term |
| Indonesia | PP Homo Film | Offer Received | 13,500,000-14,220,000 | 920 | 30 Days Credit Term |
| Indonesia | PP Homo Film | Sold | 13,100,000 | 893 | Cash In Advance |
| Indonesia | PP Homo Film | Purchased | 14,200,000 | 968 | 15 Days Credit Term |
| Malaysia | PP Homo Film | Offer Received | 13,750,000 | 937 | 30 Days Credit Term |
| Southeast Asia | PP Homo Film | Offer Given | 13,800,000 | 940 | Cash In Advance |
| Southeast Asia | PP Homo Film | Offer Received | 14,130,000-14,270,000 | 963-972 | 15 Days Credit Term |
| Southeast Asia | PP Homo Film | Purchased | 13,400,000 | 913 | 30 Days Credit Term |
| Thailand | PP Homo Film | Offer Received | 14,200,000 | 968 | 15 Days Credit Term |
| Indonesia | PP Homo Injection | Price List | 13,330,000-16,700,000 | 908-1,138 | Cash In Advance |
| Indonesia | PP Homo Injection | Price List | 13,330,000 | 908 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Received | 12,500,000-13,300,000 | 852-906 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Received | 13,300,000 | 906 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Given | 12,900,000-13,300,000 | 879-906 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 13,350,000 | 910 | 15 Days Credit Term |
| Indonesia | PP Homo Injection | Purchased | 13,330,000 | 908 | 90 Days Credit Term |
| Indonesia | PP Homo Injection | Sold | 12,700,000 | 865 | Cash In Advance |
| Indonesia | PP Homo Injection | Sold | 12,700,000 | 865 | 30 Days Credit Term |
| Southeast Asia | PP Homo Injection | Offer Given | 13,200,000 | 899 | Cash In Advance |
| Vietnam | PP Homo Injection | Offer Given | 12,900,000-13,100,000 | 879-893 | Cash In Advance |
| Vietnam | PP Homo Injection | Sold | 12,900,000 | 879 | Cash In Advance |
| Indonesia | PP Homo Raffia | Price List | 13,330,000 | 908 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 12,900,000-13,300,000 | 879-906 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 13,350,000 | 910 | 15 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Given | 13,300,000 | 906 | 30 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Received | 12,330,000-13,500,000 | 840-920 | Cash In Advance |
| Indonesia | PP Homo Raffia | Sold | 12,700,000 | 865 | 30 Days Credit Term |
| Malaysia | PP Homo Raffia | Offer Received | 12,900,000 | 879 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Buy Idea | 12,000,000-12,400,000 | 818-845 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Buy Idea | 12,500,000 | 852 | 30 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Offer Given | 13,200,000 | 899 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Offer Received | 12,200,000-13,200,000 | 831-899 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Offer Received | 12,500,000-13,280,000 | 852-905 | 30 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Purchased | 12,300,000 | 838 | Cash In Advance |
| Vietnam | PP Homo Raffia | Offer Received | 12,900,000 | 879 | Cash In Advance |
| Vietnam | PP Homo Raffia | Offer Given | 12,900,000-13,100,000 | 879-893 | Cash In Advance |
| Vietnam | PP Homo Raffia | Sold | 13,000,000 | 886 | Cash In Advance |
| Indonesia | PP Random Copolymer Injection | Price List | 15,910,000-16,400,000 | 1,084-1,118 | Cash In Advance |
Range of import PP offers between May 1 to May 8 on LC at sight, CIF Indonesia Main Port Basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| Middle East | PP Homo Film | Offer Received | 765 |
| Middle East | PP Homo Film | Purchased | 745 |
| Southeast Asia | PP Homo Film | Offer Received | 810 |
| Southeast Asia | PP Homo Film | Purchased | 790 |
| Middle East | PP Homo Raffia | Buy Idea | 750-760 |
| Middle East | PP Homo Raffia | Offer Received | 800-820 |
| South America | PP Homo Raffia | Offer Received | 780 |
Range of local/localized PP offers between May 11 to May 15, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton | Payment Term |
|---|
| Indonesia | PP Block Copolymer | Price List | 14,480,000 | 987 | Cash In Advance |
| Indonesia | PP Homo Film | Price List | 14,430,000-14,580,000 | 983-994 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,500,000 | 988 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,000,000-14,300,000 | 954-974 | 14 Days Credit Term |
| Indonesia | PP Homo Film | Offer Received | 14,100,000-14,300,000 | 961-974 | Cash In Advance |
| Indonesia | PP Homo Film | Purchased | 14,270,000 | 972 | Cash In Advance |
| Southeast Asia | PP Homo Film | Offer Given | 14,000,000-14,300,000 | 954-974 | 14 Days Credit Term |
| Thailand | PP Homo Film | Offer Received | 14,580,000 | 994 | 15 Days Credit Term |
| Thailand | PP Homo Film | Purchased | 14,270,000 | 972 | 15 Days Credit Term |
| Indonesia | PP Homo Injection | Price List | 13,440,000-13,590,000 | 916-926 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 13,300,000-13,500,000 | 906-920 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 13,750,000 | 937 | 14 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Received | 13,500,000 | 920 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Received | 13,450,000 | 917 | 90 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Received | 12,500,000-12,800,000 | 852-872 | Cash In Advance |
| Indonesia | PP Homo Injection | Sold | 13,300,000 | 906 | 30 Days Credit Term |
| Southeast Asia | PP Homo Injection | Offer Given | 13,750,000 | 937 | 14 Days Credit Term |
| Vietnam | PP Homo Injection | Offer Given | 13,000,000-13,100,000 | 886-893 | Cash In Advance |
| Indonesia | PP Homo Raffia | Price List | 13,440,000-13,590,000 | 916-926 | Cash In Advance |
| Indonesia | PP Homo Raffia | Buy Idea | 12,500,000-12,600,000 | 852-859 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 13,000,000-13,500,000 | 886-920 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 13,750,000 | 937 | 14 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Given | 13,900,000-14,000,000 | 947-954 | 30 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Received | 12,500,000-13,500,000 | 852-920 | Cash In Advance |
| Indonesia | PP Homo Raffia | Purchased | 13,600,000 | 927 | Cash In Advance |
| Indonesia | PP Homo Raffia | Purchased | 13,330,000 | 908 | 20 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Offer Given | 13,750,000 | 937 | 14 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Offer Received | 13,500,000 | 920 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Offer Received | 13,700,000-13,800,000 | 934-940 | 30 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Purchased | 13,000,000 | 886 | Cash In Advance |
| Vietnam | PP Homo Raffia | Offer Given | 13,000,000-13,100,000 | 886-893 | Cash In Advance |
| Indonesia | PP Random Copolymer Injection | Price List | 15,910,000-16,550,000 | 1,084-1,128 | Cash In Advance |
Range of import PP offers between May 11 to May 15 on LC at sight, CIF Indonesia Main Port Basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| Far East Asia | PP Block Copolymer | Offer Given | 860 |
| Southeast Asia | PP Block Copolymer | Price List | 900 |
| Southeast Asia | PP Block Copolymer | Offer Received | 900 |
| Southeast Asia | PP Homo Film | Price List | 880 |
| Southeast Asia | PP Homo Injection | Price List | 850 |
| Middle East | PP Homo Raffia | Buy Idea | 740-800 |
| Middle East | PP Homo Raffia | Offer Given | 830 |
| Middle East | PP Homo Raffia | Offer Received | 820 |
| Middle East | PP Homo Raffia | Sold | 800 |
| Southeast Asia | PP Homo Raffia | Offer Given | 850 |
| Southeast Asia | PP Homo Raffia | Buy Idea | 880 |
| Southeast Asia | PP Homo Raffia | Offer Received | 850 |
| Southeast Asia | PP Homo Raffia | Price List | 850 |
| Southeast Asia | PP Random Copolymer Injection | Price List | 990 |
Range of local/localized PP offers between May 18 to May 22, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton | Payment Term |
|---|
| Indonesia | PP Block Copolymer | Price List | 14,630,000 | 997 | Cash In Advance |
| Indonesia | PP Homo Film | Price List | 14,730,000 | 1,004 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,900,000 | 1,015 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,000,000-14,300,000 | 954-974 | 30 Days Credit Term |
| Indonesia | PP Homo Film | Offer Received | 14,500,000-14,700,000 | 988-1,070 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Price List | 13,890,000 | 947 | Cash In Advance |
| Indonesia | PP Homo Injection | Buy Idea | 12,800,000 | 872 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 14,000,000 | 954 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 14,000,000 | 954 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Offer Received | 13,000,000 | 886 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Received | 13,500,000-13,900,000 | 920-947 | 30 Days Credit Term |
| Indonesia | PP Homo Injection | Sold | 13,800,000 | 940 | 30 Days Credit Term |
| Indonesia | PP Homo Raffia | Price List | 13,890,000 | 947 | Cash In Advance |
| Indonesia | PP Homo Raffia | Buy Idea | 12,800,000 | 872 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 14,000,000 | 954 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 14,000,000 | 954 | 30 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Received | 13,000,000 | 886 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Received | 13,890,000 | 947 | 30 Days Credit Term |
| Indonesia | PP Homo Raffia | Purchased | 13,700,000 | 934 | Cash In Advance |
| Indonesia | PP Homo Raffia | Sold | 13,800,000 | 940 | 30 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Buy Idea | 13,000,000-13,500,000 | 886-920 | Cash In Advance |
| Southeast Asia | PP Homo Raffia | Offer Received | 13,500,000 | 920 | Cash In Advance |
| Indonesia | PP Random Copolymer Injection | Price List | 16,370,000-16,850,000 | 1,116-1,148 | Cash In Advance |
Range of import PP offers between May 18 to May 22 on LC at sight, CIF Indonesia Main Port Basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| Far East Asia | PP Block Copolymer | Offer Given | 900-930 |
| Southeast Asia | PP Block Copolymer | Offer Given | 850-900 |
| Southeast Asia | PP Block Copolymer | Purchased | 880 |
| Southeast Asia | PP Block Copolymer | Sold | 850 |
| Southeast Asia | PP Homo Film | Offer Given | 900 |
| Middle East | PP Homo Film | Offer Received | 830-840 |
| Southeast Asia | PP Homo Injection | Offer Given | 900 |
| India Subcontinent | PP Homo Raffia | Offer Given | 820 |
| India Subcontinent | PP Homo Raffia | Offer Received | 800 |
| Middle East | PP Homo Raffia | Sell Idea | 810 |
| Middle East | PP Homo Raffia | Offer Given | 840 |
| Middle East | PP Homo Raffia | Offer Received | 830 |
| Middle East | PP Homo Raffia | Purchased | 780 |
| Southeast Asia | PP Homo Raffia | Offer Given | 900 |
| Southeast Asia | PP Homo Raffia | Sold | 850 |
Range of local/localized PP offers between May 25 to May 29, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton | Payment Term |
|---|
| Indonesia | PP Block Copolymer | Price List | 14,630,000 | 997 | Cash In Advance |
| Indonesia | PP Homo Film | Price List | 14,930,000 | 1,017 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,000,000-14,900,000 | 954-1,015 | Cash In Advance |
| Indonesia | PP Homo Film | Offer Given | 14,100,000-14,200,000 | 961-968 | 30 Days Credit Term |
| Indonesia | PP Homo Film | Offer Given | 15,250,000 | 1,039 | 15 Days Credit Term |
| Indonesia | PP Homo Film | Sold | 14,550,000 | 992 | Cash In Advance |
| Southeast Asia | PP Homo Film | Offer Given | 14,900,000 | 1,015 | Cash In Advance |
| Indonesia | PP Homo Injection | Price List | 14,090,000-17,500,000 | 960-1,193 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 14,000,000-14,200,000 | 954-968 | Cash In Advance |
| Indonesia | PP Homo Injection | Offer Given | 14,000,000-14,100,000 | 954-961 | 30 Days Credit Term |
| Southeast Asia | PP Homo Injection | Offer Given | 14,200,000 | 968 | Cash In Advance |
| Vietnam | PP Homo Injection | Offer Given | 13,600,000-13,800,000 | 927-940 | Cash In Advance |
| Indonesia | PP Homo Raffia | Price List | 14,090,000 | 960 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 14,000,000-14,300,000 | 954-974 | Cash In Advance |
| Indonesia | PP Homo Raffia | Offer Given | 14,400,000 | 981 | 15 Days Credit Term |
| Indonesia | PP Homo Raffia | Offer Given | 14,000,000-14,100,000 | 954-961 | 30 Days Credit Term |
| Southeast Asia | PP Homo Raffia | Offer Given | 14,200,000 | 968 | Cash In Advance |
| Vietnam | PP Homo Raffia | Offer Given | 13,600,000-13,800,000 | 927-940 | Cash In Advance |
| Indonesia | PP Random Copolymer Injection | Price List | 16,550,000-17,030,000 | 1,128-1,161 | Cash In Advance |
Tags: Asia Pacific,English,Indonesia,Monthly,PP,SEA
Published on June 1, 2020 2:23 PM (GMT+8)
Last Updated on June 3, 2020 4:02 PM (GMT+8)
