A Thai PE producer revealed to SSESSMENTS.COM regarding their latest offers to the Indonesia market with some adjustments spotted for certain grades amid supply issues. This week, import offers for HDPE and LLDPE grades from the producer surfaced with an upward adjustment of between $20-25/ton, citing that the allocations for both cargoes are limited. While for LDPE Film and mLLDPE C6, the producer decided to maintain the offers stable. All compared to last week’s levels. So far, the producer has yet to obtain much response from the customers as the Indonesian market is still relatively muted since most players just back from Eid Al-Fitr holiday. In the upcoming days, the producer is hoping that the Indonesia market will be more active, hence, they will gain more inquiries from the customers.
Speaking of availability, the producer informed SSESSMENTS.COM that supply shortage for HDPE Film was due to the ongoing maintenance shutdown. However, the plant is anticipated to be back on stream within this week, the producer mentioned. Likewise, supply limitation also observed for LLDPE cargoes due to a minor shutdown transition at its plant after being utilized to produce mLLDPE C6. Besides, the producer is currently facing feedstock issues which affect the LLDPE plant shutdown as well.
For the offers in local currency, the producer is offering LDPE Film at IDR14,400,000/ton ($999/ton) and LLDPE Film C4 at IDR12,500,000/ton ($867/ton). To date, the producer managed to sell LDPE Film cargoes at IDR200,000/ton ($14/ton) lower than the initial offer level. Meanwhile, for HDPE Film, the producer’s offers are available between IDR12,800,000-12,900,000/ton ($888-895/ton), yet, no deals concluded so far. All on cash, FD Indonesia basis and excluding 10% VAT, SSESSMENTS.COM noted.
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