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NewsSSESSMENTS: Indonesian Trader Dodges Import PE Offers Of Certain Origin


SSESSMENTS.COM was told that an Indonesian trader dodges import PE offers of a certain origin. Compared to a week earlier, the offers for import Middle Eastern and US HDPE Film and LLDPE Film C4 cargoes to the Indonesia market maintained stable, considering the current levels are already too high. Similar to last week, the trader secured Saudi LLDPE Film C4 at $850-855/ton and managed to sell it at $870/ton to the Vietnam market. While for HDPE Film cargoes of the same origin, the trader purchased the cargoes at $880/ton and sold at $900/ton to Indonesian buyers. For Singaporean LLDPE Film C4 cargoes, the trader is offering to customers at $20/ton higher than the offer received from the supplier. In the meantime, the offers for US HDPE Film and LLDPE Film C4 cargoes available in Port Klang, Malaysia stand at $920/ton and $880/ton, respectively. However, the trader decided to skip the procurement citing the offers are high. All offers are on LC at sight, CIF Main Port basis. Further added, PE demand in Indonesia is still considered healthy this week.

Import PE offers on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
Saudi ArabiaHDPE FilmPurchased880Indonesia
Saudi ArabiaHDPE FilmSold900Indonesia
USAHDPE FilmOffer Received920*Indonesia
Saudi ArabiaLLDPE Film C4Purchased850-855Vietnam
Saudi ArabiaLLDPE Film C4Sold870Vietnam
SingaporeLLDPE Film C4Offer Received900Indonesia
SingaporeLLDPE Film C4Offer Given920Indonesia
USALLDPE Film C4Offer Received880*Indonesia
Description: *Shipment from Port Klang, Malaysia

Tags: Asia Pacific,English,Indonesia,News,PE,SEA

Published on July 8, 2020 3:22 PM (GMT+8)
Last Updated on July 8, 2020 3:22 PM (GMT+8)