quarterlyssessments-q1-2020-indonesia-pe-prices

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Local, import offers were on an uptrend in January
Rupiah depreciation led to thin interest towards import cargoes during March
Coronavirus-induced economic downturn casts a shadow on Q2 market outlook

Local and import PE market in Indonesia began Q1 2020 with an upward trend. SSESSMENTS.COM data showed that local PE offers in Indonesia were on an uptrend during January. During this particular month, the leading Indonesian polyolefins producer made a total increment of between IDR1,660,000-1,950,000/ton ($105-123/ton) on HDPE grades and LLDPE Film C4 offers. Likewise, the local PE producer in the country increased offers by IDR700,000/ton ($44/ton) in January. However, some traders lowered offers for localized PE cargoes between IDR400,000-900,000/ton ($25-57/ton) on week-on-week comparison by the third and fourth week of January citing sour demand. In the import market, PE offers from Thai producers were hiked by $20-40/ton. Likewise, HDPE Blow Moulding from a Singaporean producer went up by $50/ton. Offers for HDPE Film and LLDPE Film C4 of US origin via traders also surged by $80/ton and $50-55/ton respectively. All changes in import offers were on a monthly comparison. For Middle Eastern cargoes, direct offers from the producers were scarce in January as most skipped offering amid the maintenance season.

Moving to February, PE prices in the Indonesia market started to decline. As SSESSMENTS.COM noted, the leading polyolefins producer in the country made a cumulative reduction on PE offers between IDR1,440,000-1,880,000/ton ($91-119/ton) during February, except for the week commencing February 24. Follow-suit, traders trimmed offers for local and localized cargoes between IDR500,000-1,100,000/ton ($32-70/ton) in February. From import, Middle Eastern LLDPE Film C4 cargoes dipped between $30-60/ton in February, but response towards the offers was cold due to shipment issue, particularly for Saudi cargoes. For Southeast Asian cargoes, a Thai producer made a total reduction of $50/ton on HDPE grades and $40/ton on LLDPE Film C4 offers in February, while offers for LDPE Film maintained stable due to tight supply amid maintenance shutdown.

In March, local and localized PE offers in the Indonesia market showed a mixed trend as sellers explored pricing strategy amid depreciation Rupiah against the US Dollar, SSESSMENTS.COM noted. In the first half of the month, the local producer’s offers maintained stable while some traders adjusted up offers for localized PE cargoes between IDR200,000-600,000/ton ($13-39/ton) as supported by Rupiah depreciation and relatively tight supply. However, buyers’ buy idea was very low, especially following the biggest drop in crude oil prices on March 9 stemming from Saudi-Russia’s price war. On March 11, a local converter expressed a buy idea for LLDPE Film C4 as low as IDR9,000,000/ton ($567/ton). In the third week, the leading polyolefins producer decreased local PE offers between IDR40,000-160,000 ($2.5-10/ton) from a week earlier. In contrast, traders adjusted up offers between IDR700,000-1,400,000/ton ($44-88/ton) compared to the same period. Moving to the final week, the leading Indonesian polyolefins producer increased PE offers between IDR620,000-930,000/ton ($39-57), while offers via traders surged by IDR100,000-1,000,000/ton ($6.3-63/ton), all on a weekly comparison. In the import market, HDPE Blow Moulding offers from Singapore maintained stable on a monthly comparison, but deals concluded at $30/ton lower than the initial level. Meanwhile, offers for Thai HDPE Film cargoes dropped drastically by $80-90/ton on a monthly comparison. For US cargoes, LLDPE Film C4 offers dipped by $20/ton as compared to the same period. Similarly, Middle Eastern producers lowered PE offers between $10-20/ton on a weekly basis. Despite the price cut, interest towards import cargoes remained thin as local offers were more competitive due to depreciation of Rupiah against the US Dollar.

Demand for PE resins in Indonesia reported quite healthy by the first half of January since firm offers from local and foreign suppliers succeed to trigger buyers to make procurements in anticipation of higher prices on the back of stronger crude oil prices stemming from US-Iran tension. However, by the third week of January, demand started to weaken following softer crude oil prices as US-Iran tension eased. Weak demand for PE resins persisted until the end of Q1 2020 as crude oil prices remained soft following Saudi-Russia’s oil price war, coupled with intensified Coronavirus outbreak in the country. On the supply side, availability of import PE cargoes was quite limited in January as some Middle Eastern producers skipped offering due to maintenance shutdown at their plants. In contrast, PE supply from Chandra Asri Petrochemical reportedly ample on the week commencing February 17 as the producer could not export cargoes to China amid Coronavirus outbreak. While in March, SSESSMENTS.COM was told that supply for LLDPE Film C4 in the domestic market was tight during the first half of the month.

On the production sector, Lotte Chemical Titan Nusantara’s HDPE plant no.2 with a capacity of 125,000 tons/year had resumed production on the week commencing January 6. Additionally, the producer’s LLDPE plant no.3 with a capacity of 200,000 tons/year was brought on-stream on January 18. Both plants were previously shut in the third week of December 2019 for commercial reasons. Meanwhile, Chandra Asri Petrochemical halted production at its 200,000 tons/year LLDPE plant and switched to produce HDPE grades on the week commencing February 10. Moreover, the producer utilized its 400,000 tons/year LLDPE plant to run a trial production for mLLDPE for two weeks starting from the week commencing March 9. In early March, Lotte Titan Nusantara experienced an unplanned shutdown at its 200,000 tons/year LLDPE plant and 125,000 tons/year HDPE plant. According to SSESSMENTS.COM’s supply and demand database, the plants were later brought on-stream on the week commencing March 16.

Looking into Q2, the majority of Indonesian market players predict that demand would remain on a negative side as most buyers would cease procurements and prefer a wait-and-see approach as uncertainties pile up stemming from volatile crude oil prices and Coronavirus outbreak. In terms of pricing outlook, some sources believe that there would not be any chances for local PE prices to increase further considering the weak demand, SSESSMENTS.COM was told.

Transactions for local/localized PE in January on FD Indonesia basis, excluding 10% VAT in all terms

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Offer Given	14,000,000-14,500,000	883-914	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Received	14,200,000	895	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Received	14,000,000-14,900,000	883-939	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Price List	12,440,000-14,390,000	784-907	Cash In Advance
Indonesia	HDPE Blow Moulding	Purchased	14,400,000-14,600,000	908-920	30 Days Credit Term
Singapore	HDPE Blow Moulding	Offer Given	14,000,000-14,600,000	883-920	30 Days Credit Term
Singapore	HDPE Blow Moulding	Offer Received	14,100,000-15,100,000	889-952	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	13,600,000-14,800,000	857-933	Cash In Advance
Southeast Asia	HDPE Blow Moulding	Offer Given	13,900,000-14,700,000	876-927	14 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Received	14,200,000-14,500,000	895-914	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Purchased	13,300,000	839	Cash In Advance
Southeast Asia	HDPE Blow Moulding	Sold	13,800,000-14,000,000	870-883	Cash In Advance
Thailand	HDPE Blow Moulding	Offer Given	14,100,000	889	Cash In Advance
Thailand	HDPE Blow Moulding	Sell Idea	14,500,000	914	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,700,000-14,450,000	864-911	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,680,000-14,800,000	862-933	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	13,000,000-14,700,000	820-927	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	12,800,000-14,200,000	807-895	Cash In Advance
Indonesia	HDPE Film	Price List	12,440,000-14,390,000	784-907	Cash In Advance
Indonesia	HDPE Film	Purchased	13,800,000-14,000,000	870-883	30 Days Credit Term
Indonesia	HDPE Film	Purchased	13,300,000-14,300,000	839-902	Cash In Advance
Indonesia	HDPE Film	Sell Idea	14,200,000-14,300,000	895-902	30 Days Credit Term
Indonesia	HDPE Film	Sold	13,600,000	857	Cash In Advance
Malaysia	HDPE Film	Offer Received	13,500,000-14,500,000	851-914	30 Days Credit Term
Malaysia	HDPE Film	Purchased	14,000,000-14,100,000	883-889	30 Days Credit Term
Singapore	HDPE Film	Offer Given	14,500,000-14,600,000	914-920	30 Days Credit Term
Singapore	HDPE Film	Offer Received	13,200,000	832	30 Days Credit Term
Singapore	HDPE Film	Purchased	13,500,000-14,000,000	851-883	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,200,000-14,800,000	832-933	Cash In Advance
Southeast Asia	HDPE Film	Offer Given	13,900,000	876	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,900,000-14,700,000	876-927	14 Days Credit Term
Southeast Asia	HDPE Film	Offer Received	13,000,000-14,540,000	820-917	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Received	12,500,000-14,200,000	788-895	Cash In Advance
Southeast Asia	HDPE Film	Purchased	13,150,000	829	30 Days Credit Term
Southeast Asia	HDPE Film	Purchased	13,900,000	876	Cash In Advance
Southeast Asia	HDPE Film	Sold	13,800,000-14,000,000	870-883	Cash In Advance
Thailand	HDPE Film	Offer Given	12,520,000-14,100,000	789-889	Cash In Advance
Thailand	HDPE Film	Offer Given	13,400,000-13,500,000	845-851	30 Days Credit Term
Thailand	HDPE Film	Purchased	13,500,000	851	30 Days Credit Term
Thailand	HDPE Film	Sold	13,200,000	832	30 Days Credit Term
Thailand	HDPE Film	Sold	12,900,000-14,500,000	813-914	Cash In Advance
USA	HDPE Film	Purchased	13,000,000	820	Cash In Advance
Indonesia	HDPE Pipe (PE 100)	Offer Given	14,950,000	943	Cash In Advance
Thailand	HDPE Pipe (PE 100)	Offer Given	14,800,000	933	Cash In Advance
Malaysia	LDPE Film	Bid Given	15,000,000	946	30 Days Credit Term
Malaysia	LDPE Film	Buy Idea	15,500,000	977	20 Days Credit Term
Malaysia	LDPE Film	Offer Given	15,300,000	965	Cash In Advance
Malaysia	LDPE Film	Offer Given	15,300,000-16,000,000	965-1,009	30 Days Credit Term
Malaysia	LDPE Film	Offer Received	15,500,000-16,000,000	977-1,009	Cash In Advance
Malaysia	LDPE Film	Offer Received	15,000,000-16,000,000	946-1,009	30 Days Credit Term
Malaysia	LDPE Film	Offer Received	15,500,000	977	20 Days Credit Term
Malaysia	LDPE Film	Purchased	15,100,000-16,820,000	952-1,060	30 Days Credit Term
Singapore	LDPE Film	Bid Given	15,200,000	958	30 Days Credit Term
Singapore	LDPE Film	Offer Given	15,300,000	965	Cash In Advance
Singapore	LDPE Film	Offer Received	15,900,000	1,002	30 Days Credit Term
Singapore	LDPE Film	Purchased	15,700,000	990	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	15,100,000-16,000,000	952-1,009	Cash In Advance
Southeast Asia	LDPE Film	Offer Given	14,900,000-16,000,000	939-1,009	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	15,000,000	946-977	14 Days Credit Term
Southeast Asia	LDPE Film	Offer Received	15,800,000	996	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	16,500,000	1,040	30 Days Credit Term
Southeast Asia	LDPE Film	Sold	14,700,000-15,800,000	927-996	Cash In Advance
Thailand	LDPE Film	Bid Given	15,000,000	946	30 Days Credit Term
Thailand	LDPE Film	Offer Given	14,900,000-15,000,000	939-946	30 Days Credit Term
Thailand	LDPE Film	Offer Given	14,900,000-15,700,000	939-990	Cash In Advance
Thailand	LDPE Film	Offer Received	15,900,000	1,002	30 Days Credit Term
Thailand	LDPE Film	Sold	14,900,000	939	30 Days Credit Term
Thailand	LDPE Film	Sold	15,100,000-15,200,000	952-958	Cash In Advance
Canada	LLDPE Film C4	Bid Given	13,600,000	857	Cash In Advance
Canada	LLDPE Film C4	Offer Received	14,000,000	883	Cash In Advance
Indonesia	LLDPE Film C4	Buy Idea	12,800,000	807	30 Days Credit Term
Indonesia	LLDPE Film C4	Buy Idea	13,300,000	839-857	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,280,000	837-933	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	13,400,000	845-914	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	12,900,000	813-908	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	12,400,000	782-902	Cash In Advance
Indonesia	LLDPE Film C4	Price List	12,180,000	768-908	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,900,000	813-929	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,000,000	757-911	30 Days Credit Term
Indonesia	LLDPE Film C4	Sold	13,500,000	851	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	13,700,000	864	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	13,600,000	857-912	Cash In Advance
Malaysia	LLDPE Film C4	Purchased	13,780,000	869	Cash In Advance
Middle East	LLDPE Film C4	Offer Received	13,500,000	851-864	Cash In Advance
Middle East	LLDPE Film C4	Purchased	13,500,000	851-864	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Given	13,900,000	876	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	13,800,000	870-927	14 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	14,000,000	883-920	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	13,000,000	820-917	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	13,000,000	820-895	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	13,650,000	861	15 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	14,360,000	905	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	12,950,000	816-839	Cash In Advance
Southeast Asia	LLDPE Film C4	Sold	14,100,000	889-920	Cash In Advance
Thailand	LLDPE Film C4	Offer Given	12,700,000	801-905	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	13,500,000	851-864	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Received	13,500,000	851	Cash In Advance
Thailand	LLDPE Film C4	Purchased	12,750,000	804	Cash In Advance
Thailand	LLDPE Film C4	Purchased	13,500,000	851	30 Days Credit Term
Thailand	LLDPE Film C4	Sold	12,700,000	801-876	Cash In Advance
Thailand	LLDPE Film C4	Sold	13,500,000	851	30 Days Credit Term
USA	LLDPE Film C4	Offer Received	13,850,000	873	Cash In Advance
USA	mLLDPE C6	Purchased	13,000,000	820	30 Days Credit Term

Transactions for import PE in January on LC at sight, CIF/CFR Indonesia Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Southeast Asia	HDPE Blow Moulding	Buy Idea	880-940
Southeast Asia	HDPE Blow Moulding	Offer Given	910-1,070
Southeast Asia	HDPE Blow Moulding	Offer Received	920-970
Southeast Asia	HDPE Blow Moulding	Price List	960
Southeast Asia	HDPE Blow Moulding	Sold	980
Middle East	HDPE Film	Buy Idea	800-900
Middle East	HDPE Film	Offer Given	800-890
Middle East	HDPE Film	Offer Received	780-890
Middle East	HDPE Film	Purchased	780-820
North America	HDPE Film	Bid Given	830
North America	HDPE Film	Buy Idea	800-820
North America	HDPE Film	Offer Given	800-880
North America	HDPE Film	Offer Received	840
North America	HDPE Film*	Purchased	780
Southeast Asia	HDPE Film	Offer Given	910-1,040
Southeast Asia	HDPE Film	Offer Received	910
Southeast Asia	HDPE Film	Price List	960
Southeast Asia	HDPE Film	Sold	980
Southeast Asia	HDPE Pipe (PE 100)	Offer Given	1,060-1,070
Middle East	HDPE Pipe Black (100)	Offer Given	1,020
Southeast Asia	HDPE Pipe Black (100)	Offer Given	970-990
Southeast Asia	HDPE Yarn	Offer Given	910-940
Middle East	LDPE Film	Offer Given	920
Middle East	LDPE Film	Offer Received	900-960
Middle East	LDPE Film	Sell Idea	950-960
Southeast Asia	LDPE Film	Buy Idea	920-930
Southeast Asia	LDPE Film	Offer Given	1,000-1,120
Southeast Asia	LDPE Film	Offer Received	950
Southeast Asia	LDPE Film	Price List	1,030-1,090
Far East Asia	LLDPE Film C4	Offer Received	950
Indian Subcontinent	LLDPE Film C4	Offer Given	860-900
Indian Subcontinent	LLDPE Film C4	Offer Received	828
Middle East	LLDPE Film C4	Buy Idea	870
Middle East	LLDPE Film C4	Offer Given	910
Middle East	LLDPE Film C4	Offer Received	860
Middle East	LLDPE Film C4	Purchased	840
Middle East	LLDPE Film C4	Sold	910
North America	LLDPE Film C4	Offer Given	840
North America	LLDPE Film C4	Offer Received	810
Southeast Asia	LLDPE Film C4	Bid Given	900
Southeast Asia	LLDPE Film C4	Offer Given	910
Southeast Asia	LLDPE Film C4	Offer Received	850
Southeast Asia	LLDPE Film C4	Purchased	910
North America	mLLDPE C6*	Offer Given	850
North America	mLLDPE C6*	Offer Received	960
North America	mLLDPE C6*	Purchased	960
Southeast Asia	mLLDPE C6	Buy Idea	1,070
Southeast Asia	mLLDPE C6	Offer Given	1,050
Southeast Asia	mLLDPE C6	Offer Received	1,070
North America	mLLDPE C8**	Offer Received	1,010
North America	mLLDPE C8**	Purchased	1,010
Southeast Asia	mLLDPE C8	Offer Received	1,080
Southeast Asia	mLLDPE C8	Offer Received	1,300

Description: *Shipment from Port Klang **Shipment from Singapore

Transactions for local/localized PE in February on FD Indonesia basis, excluding 10% VAT in all terms

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Offer Given	13,800,000-13,900,000	870-876	14 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Given	13,500,000-14,200,000	851-895	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Given	13,000,000	820	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Received	13,100,000-14,500,000	826-914	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Price List	13,140,000-14,390,000	828-907	Cash In Advance
Indonesia	HDPE Blow Moulding	Purchased	13,500,000	851	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Purchased	12,660,000	798	Cash In Advance
Singapore	HDPE Blow Moulding	Purchased	13,500,000	851	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	13,700,000	864	14 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	13,000,000-14,800,000	820-933	Cash In Advance
Thailand	HDPE Blow Moulding	Offer Given	13,300,000-14,040,000	839-885	Cash In Advance
Indonesia	HDPE Film	Bid Received	13,000,000	820	Cash In Advance
Indonesia	HDPE Film	Buy Idea	12,500,000	788	Cash In Advance
Indonesia	HDPE Film	Offer Given	12,300,000-14,200,000	775-895	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,600,000-14,100,000	857-889	14 Days Credit Term
Indonesia	HDPE Film	Offer Given	13,200,000-13,700,000	832-864	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	12,300,000-14,300,000	775-902	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	12,300,000-14,200,000	775-895	Cash In Advance
Indonesia	HDPE Film	Price List	13,070,000-14,390,000	824-907	Cash In Advance
Indonesia	HDPE Film	Purchased	12,300,000-13,500,000	775-851	Cash In Advance
Indonesia	HDPE Film	Purchased	13,000,000-14,200,000	820-895	30 Days Credit Term
Malaysia	HDPE Film	Offer Received	12,900,000-13,200,000	813-832	30 Days Credit Term
Malaysia	HDPE Film	Offer Received	12,800,000	807	Cash In Advance
Malaysia	HDPE Film	Purchased	13,200,000	832	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,500,000-13,900,000	851-876	14 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	12,800,000-14,500,000	807-914	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	12,600,000-13,900,000	794-876	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	14,300,000	902	15 Days Credit Term
Southeast Asia	HDPE Film	Offer Received	12,700,000-15,000,000	801-946	30 Days Credit Term
Southeast Asia	HDPE Film	Price List	12,900,000	813	Cash In Advance
Southeast Asia	HDPE Film	Purchased	12,200,000-14,200,000	769-895	Cash In Advance
Southeast Asia	HDPE Film	Purchased	13,300,000-13,900,000	839-876	30 Days Credit Term
Thailand	HDPE Film	Offer Given	13,300,000-14,100,000	839-889	Cash In Advance
Thailand	HDPE Film	Offer Received	13,200,000	832	30 Days Credit Term
Thailand	HDPE Film	Purchased	13,200,000	832	30 Days Credit Term
USA	HDPE Film	Offer Received	13,200,000	832	30 Days Credit Term
Malaysia	LDPE Film	Bid Given	14,500,000	914	Cash In Advance
Malaysia	LDPE Film	Buy Idea	15,000,000	946	20 Days Credit Term
Malaysia	LDPE Film	Offer Given	14,900,000	939	Cash In Advance
Malaysia	LDPE Film	Offer Received	14,600,000-15,050,000	920-949	30 Days Credit Term
Malaysia	LDPE Film	Offer Received	14,600,000-14,900,000	920-939	Cash In Advance
Malaysia	LDPE Film	Purchased	15,500,000	977	20 Days Credit Term
Malaysia	LDPE Film	Purchased	14,650,000-15,000,000	924-946	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	15,000,000-16,000,000	946-1,009	Cash In Advance
Southeast Asia	LDPE Film	Offer Given	15,100,000	952	14 Days Credit Term
Southeast Asia	LDPE Film	Offer Received	15,300,000	965	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Received	14,700,000	927	Cash In Advance
Southeast Asia	LDPE Film	Price List	15,200,000	958	Cash In Advance
Thailand	LDPE Film	Offer Given	14,800,000-15,600,000	933-984	Cash In Advance
Thailand	LDPE Film	Offer Received	15,500,000	977	Cash In Advance
Thailand	LDPE Film	Offer Received	15,200,000	958	30 Days Credit Term
Canada	LLDPE Film C4	Bid Given	11,800,000	744	Cash In Advance
Canada	LLDPE Film C4	Buy Idea	12,800,000	807	30 Days Credit Term
Canada	LLDPE Film C4	Offer Received	12,700,000-13,300,000	801-839	30 Days Credit Term
Canada	LLDPE Film C4	Offer Received	11,500,000-13,200,000	725-832	Cash In Advance
Canada	LLDPE Film C4	Purchased	12,800,000	807	Cash In Advance
Indonesia	LLDPE Film C4	Bid Given	11,800,000	744	Cash In Advance
Indonesia	LLDPE Film C4	Buy Idea	13,000,000	820	30 Days Credit Term
Indonesia	LLDPE Film C4	Buy Idea	12,000,000-13,450,000	757-848	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	12,000,000-14,200,000	757-895	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,350,000-14,200,000	842-895	14 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	12,800,000-13,700,000	807-864	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	11,700,000-13,640,000	738-860	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	12,000,000-13,800,000	757-870	30 Days Credit Term
Indonesia	LLDPE Film C4	Price List	12,800,000	807	30 Days Credit Term
Indonesia	LLDPE Film C4	Price List	12,800,000-14,400,000	807-908	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,000,000-13,300,000	757-839	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,000,000-14,180,000	757-894	30 Days Credit Term
Indonesia	LLDPE Film C4	Sold	12,500,000-12,800,000	788-807	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	12,500,000-13,200,000	788-832	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	12,800,000-13,300,000	807-839	Cash In Advance
Malaysia	LLDPE Film C4	Purchased	13,200,000	832	30 Days Credit Term
Singapore	LLDPE Film C4	Offer Received	13,500,000	851	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Buy Idea	11,500,000	725	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Given	13,250,000-14,000,000	835-883	14 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	12,400,000-14,300,000	782-902	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	11,700,000-14,540,000	738-917	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	14,200,000	895	15 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	12,700,000-14,450,000	801-911	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Price List	12,600,000	794	Cash In Advance
Southeast Asia	LLDPE Film C4	Purchased	11,900,000-13,640,000	750-860	Cash In Advance
Southeast Asia	LLDPE Film C4	Purchased	13,000,000-13,300,000	820-839	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Given	12,700,000-13,800,000	801-870	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	10,910,000-13,300,000	688-839	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	13,200,000-13,400,000	832-845	30 Days Credit Term
Thailand	LLDPE Film C4	Purchased	13,200,000-13,300,000	832-839	30 Days Credit Term
USA	LLDPE Film C4	Offer Received	10,910,000	688	Cash In Advance
Indonesia	mLLDPE C6	Purchased	13,000,000	820	Cash In Advance

Transactions for import PE in February on LC at sight, CIF Indonesia Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
North America	HDPE Blow Moulding	Offer Given	850
Southeast Asia	HDPE Blow Moulding	Bid Given	900
Southeast Asia	HDPE Blow Moulding	Offer Given	880-940
Southeast Asia	HDPE Blow Moulding	Offer Received	970
Southeast Asia	HDPE Blow Moulding	Purchased	900-950
Southeast Asia	HDPE Blow Moulding	Sell Idea	1,000
Middle East	HDPE Film	Buy Idea	820-870
Middle East	HDPE Film	Offer Given	830-870
Middle East	HDPE Film	Offer Received	830-900
Middle East	HDPE Film	Purchased	890
Southeast Asia	HDPE Film	Offer Given	880-1,000
Southeast Asia	HDPE Film	Offer Received	930-940
Southeast Asia	HDPE Yarn	Offer Given	880-940
Middle East	LDPE Film	Offer Given	950-970
Middle East	LDPE Film	Offer Received	910*-920
Southeast Asia	LDPE Film	Offer Given	1,030-1,040
Central Asia	LLDPE Film C4	Offer Received	800
Indian Subcontinent	LLDPE Film C4	Offer Given	850-870
Middle East	LLDPE Film C4	Bid Given	900
Middle East	LLDPE Film C4	Buy Idea	830-900
Middle East	LLDPE Film C4	Offer Given	840-920
Middle East	LLDPE Film C4	Offer Received	840-940
Middle East	LLDPE Film C4	Purchased	840-910
North America	LLDPE Film C4	Bid Received	870
North America	LLDPE Film C4	Buy Idea	800
North America	LLDPE Film C4	Offer Given	860-890
North America	LLDPE Film C4	Offer Received	835-885
North America	LLDPE Film C4	Sell Idea	920
Southeast Asia	LLDPE Film C4	Bid Given	800
Southeast Asia	LLDPE Film C4	Offer Given	830-940
Southeast Asia	LLDPE Film C4	Offer Received	830-940
Southeast Asia	LLDPE Film C4	Purchased	910-920
Southeast Asia	LLDPE Film C4	Sold	900
North America	mLLDPE C6	Offer Received	1,175**

Description: *Re-export from China **Shipment from Singapore

Transactions for local/localized PE in March on FD Indonesia basis, excluding 10% VAT in all terms

Origin	Product	Transaction Type	Offers (IDR/ton)	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Offer Given	13,300,000	839	14 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Given	13,200,000-14,400,000	832-908	Cash In Advance
Indonesia	HDPE Blow Moulding	Offer Received	13,400,000-14,250,000	845-898	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Received	13,450,000-13,700,000	848-864	Cash In Advance
Indonesia	HDPE Blow Moulding	Price List	13,200,000-15,200,000	832-958	Cash In Advance
Indonesia	HDPE Blow Moulding	Purchased	13,200,000-15,000,000	832-946	30 Days Credit Term
Malaysia	HDPE Blow Moulding	Purchased	13,700,000	864	Cash In Advance
Singapore	HDPE Blow Moulding	Offer Received	13,300,000	839	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	13,300,000	839	14 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	13,200,000-14,400,000	832-908	Cash In Advance
Southeast Asia	HDPE Blow Moulding	Offer Received	13,800,000	870	30 Days Credit Term
Thailand	HDPE Blow Moulding	Offer Given	13,180,000-14,690,000	831-926	Cash In Advance
Indonesia	HDPE Film	Offer Given	13,210,000-15,200,000	833-958	30 Days Credit Term
Indonesia	HDPE Film	Offer Given	13,200,000-13,300,000	832-839	14 Days Credit Term
Indonesia	HDPE Film	Offer Given	12,500,000-14,400,000	788-908	Cash In Advance
Indonesia	HDPE Film	Offer Received	12,800,000-13,700,000	807-864	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	12,450,000-14,700,000	785-927	Cash In Advance
Indonesia	HDPE Film	Price List	13,130,000-15,200,000	828-958	Cash In Advance
Indonesia	HDPE Film	Purchased	13,200,000-14,910,000	832-940	30 Days Credit Term
Indonesia	HDPE Film	Purchased	12,300,000-14,540,000	775-917	Cash In Advance
Malaysia	HDPE Film	Offer Received	13,300,000	839	30 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,200,000-13,300,000	832-839	14 Days Credit Term
Southeast Asia	HDPE Film	Offer Given	13,200,000-14,400,000	832-908	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	12,700,000-13,800,000	801-870	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	13,200,000-14,700,000	832-927	30 Days Credit Term
Southeast Asia	HDPE Film	Price List	14,400,000	908	Cash In Advance
Southeast Asia	HDPE Film	Purchased	13,910,000-14,360,000	877-905	30 Days Credit Term
Southeast Asia	HDPE Film	Purchased	13,200,000-13,300,000	832-839	Cash In Advance
Thailand	HDPE Film	Offer Given	13,180,000-14,690,000	831-926	Cash In Advance
Thailand	HDPE Film	Offer Received	14,700,000	927	30 Days Credit Term
Thailand	HDPE Film	Sold	13,500,000	851	Cash In Advance
Indonesia	HDPE Pipe (PE 100)	Price List	14,450,000	911	Cash In Advance
Malaysia	LDPE Film	Offer Given	14,540,000-16,700,000	917-1,053	Cash In Advance
Malaysia	LDPE Film	Offer Given	15,100,000-15,200,000	952-958	14 Days Credit Term
Malaysia	LDPE Film	Offer Received	14,800,000-16,500,000	933-1,040	30 Days Credit Term
Malaysia	LDPE Film	Offer Received	14,650,000-16,700,000	924-1,053	Cash In Advance
Malaysia	LDPE Film	Purchased	14,800,000-16,200,000	933-1,021	30 Days Credit Term
Malaysia	LDPE Film	Purchased	14,500,000-15,500,000	914-977	Cash In Advance
Singapore	LDPE Film	Offer Given	15,000,000	946	Cash In Advance
Singapore	LDPE Film	Offer Received	15,000,000	946	Cash In Advance
Singapore	LDPE Film	Offer Received	14,800,000	933	30 Days Credit Term
Singapore	LDPE Film	Purchased	15,000,000	946	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	15,400,000	971-996	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Given	16,100,000-16,500,000	1,015-1,040	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	15,000,000-16,500,000	946-1,040	Cash In Advance
Southeast Asia	LDPE Film	Offer Received	15,700,000-16,000,000	990-1,009	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Received	15,500,000	977	15 Days Credit Term
Southeast Asia	LDPE Film	Price List	16,200,000	1,021	Cash In Advance
Southeast Asia	LDPE Film	Purchased	15,500,000	977	30 Days Credit Term
Southeast Asia	LDPE Film	Purchased	14,750,000	930	Cash In Advance
Thailand	LDPE Film	Offer Given	15,300,000-16,670,000	965-1,051	Cash In Advance
Thailand	LDPE Film	Offer Received	15,600,000-15,700,000	984-990	30 Days Credit Term
Canada	LLDPE Film C4	Offer Received	15,500,000	977	30 Days Credit Term
Indonesia	LLDPE Film C4	Buy Idea	9,000,000-13,180,000	567-831	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	13,200,000-13,300,000	832-839	14 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	12,940,000-14,700,000	816-927	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	12,600,000-14,000,000	794-883	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	12,500,000-14,500,000	788-914	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	11,820,000-14,600,000	745-920	Cash In Advance
Indonesia	LLDPE Film C4	Price List	13,850,000	873	30 Days Credit Term
Indonesia	LLDPE Film C4	Price List	12,780,000-14,800,000	806-933	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	12,900,000-14,730,000	813-929	30 Days Credit Term
Indonesia	LLDPE Film C4	Purchased	11,820,000-13,500,000	745-851	Cash In Advance
Malaysia	LLDPE Film C4	Offer Given	12,300,000	775	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	13,100,000-13,600,000	826-857	30 Days Credit Term
Malaysia	LLDPE Film C4	Offer Received	11,600,000-13,800,000	731-870	Cash In Advance
Malaysia	LLDPE Film C4	Purchased	12,950,000	816	30 Days Credit Term
Malaysia	LLDPE Film C4	Purchased	11,300,000	712	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Given	13,200,000-13,300,000	832-839	14 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	13,100,000-14,200,000	826-895	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	12,910,000-14,300,000	814-902	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	11,600,000-14,300,000	731-902	Cash In Advance
Southeast Asia	LLDPE Film C4	Price List	13,450,000	848	Cash In Advance
Southeast Asia	LLDPE Film C4	Purchased	12,910,000-13,400,000	814-845	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Purchased	12,100,000	763	Cash In Advance
Thailand	LLDPE Film C4	Bid Received	12,000,000	757	Cash In Advance
Thailand	LLDPE Film C4	Buy Idea	14,000,000	883	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Given	12,800,000-13,860,000	807-874	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	13,200,000	832	30 Days Credit Term
Thailand	LLDPE Film C4	Purchased	13,200,000	832	30 Days Credit Term
Thailand	LLDPE Film C4	Sold	13,500,000	851	Cash In Advance

Transactions for import PE in March on LC at sight, CIF Indonesia Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Southeast Asia	HDPE Blow Moulding	Offer Given	830-920
Southeast Asia	HDPE Blow Moulding	Offer Received	815-970
Southeast Asia	HDPE Blow Moulding	Price List	880
Southeast Asia	HDPE Blow Moulding	Purchased	820-940
Middle East	HDPE Film	Buy Idea	750
Middle East	HDPE Film	Offer Given	770-840
Middle East	HDPE Film	Offer Received	800-860
Middle East	HDPE Film	Purchased	750-830
Middle East	HDPE Film	Sold	820*-830
North America	HDPE Film	Offer Received	840-860**
Southeast Asia	HDPE Film	Offer Given	830-920
Southeast Asia	HDPE Film	Offer Received	815-870
Southeast Asia	HDPE Film	Price List	880
Southeast Asia	HDPE Yarn	Offer Given	830-890
Middle East	LDPE Film	Offer Given	880-960
Middle East	LDPE Film	Offer Received	940-960
Middle East	LDPE Film	Sold	940-960
Southeast Asia	LDPE Film	Offer Given	980-1,030
Southeast Asia	LDPE Film	Offer Received	965-1,030
Southeast Asia	LDPE Film	Price List	980
Southeast Asia	LDPE Film	Purchased	1,010
Indian Subcontinent	LLDPE Film C4	Offer Given	830
Middle East	LLDPE Film C4	Buy Idea	750
Middle East	LLDPE Film C4	Offer Given	770-860
Middle East	LLDPE Film C4	Offer Received	790-870
Middle East	LLDPE Film C4	Purchased	800-880
Middle East	LLDPE Film C4	Sold*	820-830
North America	LLDPE Film C4	Bid Given	680
North America	LLDPE Film C4	Buy Idea	670
North America	LLDPE Film C4	Offer Given	830
North America	LLDPE Film C4	Offer Received	770***-810
Southeast Asia	LLDPE Film C4	Bid Given	720
Southeast Asia	LLDPE Film C4	Offer Given	810-870
Southeast Asia	LLDPE Film C4	Offer Received	805-860
Southeast Asia	LLDPE Film C4	Purchased	810
Southeast Asia	LLDPE Film C4	Sold	810-820
Southeast Asia	mLLDPE C6	Offer Given	920
Southeast Asia	mLLDPE C6	Offer Received	1,160

Description: *ETA May **Available in Port Klang ***Available in Singapore

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

Published on April 12, 2020 6:39 PM (GMT+8)
Last Updated on April 12, 2020 6:59 PM (GMT+8)

QuarterlySSESSMENTS: Q1 2020 Indonesia PE Prices

Author: SSESSMENTS

QuarterlySSESSMENTS: Q1 2020 Indonesia PE Prices

Author: SSESSMENTS

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