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QuarterlySSESSMENTS: Q1 2020 Indonesia PP Prices

Author: SSESSMENTS

  • PP prices in Indonesia recorded on a downtrend in February and March
  • PP resins demand in Indonesia remained subdued in the first quarter of 2020
  • Import PP prices are expected to remain soft

In the first week of January, the leading Indonesian polyolefins producer adjusted its price list three times. The first and second price list announced on January 6 and 7 showed a stable offer for PP grades, while the third price list announced on January 8 recorded an increase of IDR280,000/ton ($17/ton) for all PP grades. While in the last week of January, the producer initiated a price increase of between IDR270,000-280,000/ton ($16.6-17/ton) on a weekly comparison. Following suit, most local traders adjusted up offers for local PP Homo Raffia and PP Homo Injection cargoes between IDR200,000-300,000/ton ($12-18/ton) compared to the same period. In contrast, local PP prices in Indonesia recorded on a downtrend in February and March, SSESSMENTS.COM noted. In the last week of February, the producer announced offers for PP Homo Film, PP Homo Injection and PP Homo Raffia with a reduction of IDR690,000/ton ($42/ton) on a weekly comparison. 

While in March, due to the unsupportive demand, the producer decreased offers for PP Homopolymer grades between IDR140,000-150,000/ton ($8.6-9/ton) at the beginning of March. However, PP prices started moving up as Rupiah depreciated against the US Dollar at the end of March. PP Homopolymer offers from the leading Indonesian polyolefins producer increased by IDR620,000/ton ($38/ton) on a weekly comparison. For Copolymer grades, SSESSMENTS.COM noted that due to the inventory and sales pressure, stiff resistance from buyers, intense competition with import prices, and lower prices from competitors, the leading Indonesian polyolefins producer applied a hefty reduction on PP Random Copolymer offers as much as IDR3,000,000/ton ($185/ton) on the third week of the February.

In the import market, February shipment offers of Malaysia and South Korea origin surfaced with an increase of between $30-70/ton and $40/ton, respectively on the monthly comparison. While offers for Thai PP Block Copolymer captured lower by $20/ton compared to the same period. While offers for Chinese PP Homo Raffia cargoes to the country also reduced by $30/ton compared to the offer level before Lunar New Year holiday. Meanwhile in February, offers for Thai PP Homo Injection, PP Homo Raffia and PP Block Copolymer declined between $10-20/ton on a monthly comparison. In March, PP Homo Raffia offers of the Middle East origin were available at $800/ton on LC at sight, CIF Indonesia Main Port basis, decreased around $100/ton compared to the offers at the beginning of March. However, buy ideas expressed to SSESSMENTS.COM were at $700/ton-level.

PP resins demand in Indonesia remained bearish in the first quarter of 2020, despite the prices uptrend in January. Buyers preferred a wait-and-see stance on the back of softer crude oil prices and the depreciation of Rupiah. However, a slight improvement recorded for the woven bag demand in February as supported by the harvest season. Entering March, as the first case of Coronavirus was confirmed, buying sentiment in the country deteriorated. Interest towards import cargoes diminished as Rupiah weakened against the US Dollar, made import offers became less appealing. On the supply side, SSESSMENTS.COM’s data showed that PP supply in the domestic market was tight throughout January. 

In the production sector, Indonesia’s Polytama Propindo told SSESSMENTS.COM that the company shut its PP plant with a capacity of 300,000 tons/year from March 29 following the maintenance shutdown at their feedstock supplier, Pertamina. The plant was scheduled to remain shut until April 25.

Looking ahead, Indonesian market players opined to SSESSMENTS.COM that PP demand in the country would remain bearish in the upcoming months. Likewise, import PP prices are expected to remain soft, while local PP prices most likely depend on the currency exchange rate.

Range of local/localized PP transactions in January on FD Indonesia basis (excluding 10% VAT in all terms)

OriginProductTransaction TypeOffers/tonEquivalent in USD/tonPayment Term
IndonesiaPP Block CopolymerOffer Received16,600,000-16,700,0001,005-1,01130 Days Credit Term
IndonesiaPP Block CopolymerPrice List15,350,000-17,010,000947-1,030Cash In Advance
IndonesiaPP Block CopolymerOffer Given16,740,0001,013Cash In Advance
South KoreaPP Block CopolymerOffer Given16,190,000980Cash In Advance
South KoreaPP Block CopolymerOffer Received16,500,0001,01860 Days Credit Term
IndonesiaPP Homo FilmOffer Given16,150,000-17,520,000996-106015 Days Credit Term
IndonesiaPP Homo FilmOffer Given16,000,00098730 Days Credit Term
IndonesiaPP Homo FilmOffer Given15,300,000-17,440,000944-1056Cash In Advance
IndonesiaPP Homo FilmOffer Received16,000,000-17,100,000987-1,05515 Days Credit Term
IndonesiaPP Homo FilmOffer Received16,200,000-16,270,000999-1,00430 Days Credit Term
IndonesiaPP Homo FilmOffer Received16,137,000-16,430,000996-1,014Cash In Advance
IndonesiaPP Homo FilmPrice List15,990,000-17,520,000986-1,081Cash In Advance
IndonesiaPP Homo FilmPurchased15,800,000-16,000,000975-98715 Days Credit Term
IndonesiaPP Homo FilmPurchased15,600,000-16,270,000962-1,00430 Days Credit Term
IndonesiaPP Homo FilmPurchased16,130,000-17,090,000976-1034Cash In Advance
IndonesiaPP Homo FilmSell Idea16,430,00099515 Days Credit Term
IndonesiaPP Homo FilmSold16,000,00096830 Days Credit Term
IndonesiaPP Homo FilmSold15,900,000-16,500,000962-999Cash In Advance
MalaysiaPP Homo FilmPurchased16,000,00096830 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given16,500,000-16,900,000999-1,04314 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given16,300,000-16,500,000987-99930 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given16,000,000-17,000,000968-1029Cash In Advance
Southeast AsiaPP Homo FilmOffer Received16,900,0001,02315 Days Credit Term
Southeast AsiaPP Homo FilmPurchased15,900,000-16,000,000962-96815 Days Credit Term
Southeast AsiaPP Homo FilmSold15,800,000-16,000,000956-968Cash In Advance
ThailandPP Homo FilmOffer Received17,000,0001,02915 Days Credit Term
IndonesiaPP Homo InjectionOffer Given16,320,000-17,000,000988-102915 Days Credit Term
IndonesiaPP Homo InjectionOffer Given16,200,000-17,000,000981-102930 Days Credit Term
IndonesiaPP Homo InjectionOffer Given16,320,000-17,200,000988-1041Cash In Advance
IndonesiaPP Homo InjectionOffer Received17,000,0001,02915 Days Credit Term
IndonesiaPP Homo InjectionOffer Received16,200,000-17,000,000981-102930 Days Credit Term
IndonesiaPP Homo InjectionOffer Received17,000,000-17,200,0001029-104160 Days Credit Term
IndonesiaPP Homo InjectionPrice List16,730,000-17,160,0001013-1039Cash In Advance
IndonesiaPP Homo InjectionPurchased16,230,000-16,800,0001,001-1,03630 Days Credit Term
Southeast AsiaPP Homo InjectionBid Given16,500,00099930 Days Credit Term
Southeast AsiaPP Homo InjectionOffer Given16,000,000-16,600,000968-100514 Days Credit Term
Southeast AsiaPP Homo InjectionOffer Given16,100,000-17,000,000975-1029Cash In Advance
Southeast AsiaPP Homo InjectionOffer Received16,000,000-16,800,000968-101730 Days Credit Term
Southeast AsiaPP Homo InjectionSold17,000,0001,029Cash In Advance
VietnamPP Homo InjectionOffer Given15,100,000-15,800,000914-95630 Days Credit Term
VietnamPP Homo InjectionOffer Given15,500,000-16,300,000938-987Cash In Advance
VietnamPP Homo InjectionSell Idea15,000,000908Cash In Advance
VietnamPP Homo InjectionSold15,100,000-15,500,000914-93830 Days Credit Term
VietnamPP Homo InjectionSold15,200,000-15,400,000920-932Cash In Advance
IndonesiaPP Homo RaffiaBid Received15,500,000-15,700,000938-950Cash In Advance
IndonesiaPP Homo RaffiaBuy Idea15,800,000-16,000,000956-96830 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given16,320,000-17,000,000988-102915 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given16,200,000-17,000,000981-102930 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given16,100,000-16,930,000975-1025Cash In Advance
IndonesiaPP Homo RaffiaOffer Received15,480,000-16,200,000937-98130 Days Credit Term
IndonesiaPP Homo RaffiaOffer Received15,700,000-16,200,000950-981Cash In Advance
IndonesiaPP Homo RaffiaPrice List16,180,000-17,000,000979-1029Cash In Advance
IndonesiaPP Homo RaffiaPurchased16,100,000-16,200,000975-99930 Days Credit Term
IndonesiaPP Homo RaffiaPurchased14,600,000-14,800,000884-896Cash In Advance
IndonesiaPP Homo RaffiaSell Idea15,480,00093715 Days Credit Term
IndonesiaPP Homo RaffiaSell Idea15,700,000-15,900,000950-96230 Days Credit Term
IndonesiaPP Homo RaffiaSold16,000,000-16,300,000968-98730 Days Credit Term
MalaysiaPP Homo RaffiaOffer Received15,500,000938Cash In Advance
MalaysiaPP Homo RaffiaOffer Received15,700,000-15,750,000950-95330 Days Credit Term
South KoreaPP Homo RaffiaOffer Given15,200,000-15,300,000920-926Cash In Advance
Southeast AsiaPP Homo RaffiaBuy Idea15,800,00095630 Days Credit Term
Southeast AsiaPP Homo RaffiaBuy Idea15,000,000908Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Given16,000,000-16,600,000968-100514 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Given15,800,00095630 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Given16,100,000-16,800,000975-1017Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Received16,050,000-16,500,000972-99930 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Received15,700,000-16,400,000950-993Cash In Advance
Southeast AsiaPP Homo RaffiaPurchased15,000,000-15,700,000908-95030 Days Credit Term
Southeast AsiaPP Homo RaffiaPurchased16,200,000981Cash In Advance
Southeast AsiaPP Homo RaffiaSold16,100,000975Cash In Advance
ThailandPP Homo RaffiaOffer Received15,700,000-16,150,000950-97830 Days Credit Term
ThailandPP Homo RaffiaPurchased16,050,00097230 Days Credit Term
ThailandPP Homo RaffiaPurchased16,200,000981Cash In Advance
VietnamPP Homo RaffiaBid Given15,500,000938Cash In Advance
VietnamPP Homo RaffiaOffer Given15,100,000-15,800,000914-95630 Days Credit Term
VietnamPP Homo RaffiaOffer Given15,500,000-16,300,000938-987Cash In Advance
VietnamPP Homo RaffiaOffer Received15,800,000-16,850,000956-1020Cash In Advance
VietnamPP Homo RaffiaPurchased16,500,000999Cash In Advance
VietnamPP Homo RaffiaSell Idea15,600,000944Cash In Advance
VietnamPP Homo RaffiaSold15,100,000-15,500,000914-93830 Days Credit Term
VietnamPP Homo RaffiaSold15,200,000-16,000,000920-968Cash In Advance
IndonesiaPP Random Copolymer InjectionPrice List19,360,000-20,610,0001172-1248Cash In Advance
IndonesiaPP Random Copolymer InjectionOffer Given21,500,0001,301Cash In Advance

Range of import PP transactions in January on LC at sight, CIF/CFR Indonesia Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
Far East AsiaPP Block CopolymerOffer Given1,000-1,060
Far East AsiaPP Block CopolymerSell Idea1,100-1,120
Middle EastPP Block CopolymerBuy Idea960
Middle EastPP Block CopolymerOffer Received970
Southeast AsiaPP Block CopolymerBuy Idea1,140-1,150
Southeast AsiaPP Block CopolymerOffer Given1,100-1,170
Southeast AsiaPP Block CopolymerOffer Received1,150-1,190
Southeast AsiaPP Block CopolymerPrice List1,170
Southeast AsiaPP Block CopolymerPurchased1,150
Southeast AsiaPP Block CopolymerSold1,100
Middle EastPP Homo FilmPurchased945
Southeast AsiaPP Homo FilmOffer Given1,040-1,050
Southeast AsiaPP Homo FilmOffer Received1,020-1,100
Southeast AsiaPP Homo FilmPrice List1,170
Southeast AsiaPP Homo FilmPurchased1,070-1,090
Far East AsiaPP Homo InjectionOffer Given1,000
Middle EastPP Homo InjectionOffer Given1,010
Middle EastPP Homo InjectionSold1,000
Southeast AsiaPP Homo InjectionPrice List1,140
Southeast AsiaPP Homo InjectionOffer Received1,100
Southeast AsiaPP Homo InjectionOffer Given1,060
Central AsiaPP Homo RaffiaSell Idea970
Central AsiaPP Homo RaffiaOffer Given980
ChinaPP Homo RaffiaBid Given990
ChinaPP Homo RaffiaBid Received980
ChinaPP Homo RaffiaBuy Idea950
ChinaPP Homo RaffiaOffer Received975-1,010
ChinaPP Homo RaffiaPurchased995
Far East AsiaPP Homo RaffiaBuy Idea980,1,015
Far East AsiaPP Homo RaffiaOffer Given1,000
Far East AsiaPP Homo RaffiaOffer Received990-1,040
Far East AsiaPP Homo RaffiaSold990
Indian SubcontinentPP Homo RaffiaBuy Idea960
Indian SubcontinentPP Homo RaffiaOffer Given980-1,010
Indian SubcontinentPP Homo RaffiaOffer Received1,020
Indian SubcontinentPP Homo RaffiaPurchased990
Indian SubcontinentPP Homo RaffiaSold990-1,000
Middle EastPP Homo RaffiaBid Received960-970
Middle EastPP Homo RaffiaBuy Idea950-980
Middle EastPP Homo RaffiaOffer Given970-1,010
Middle EastPP Homo RaffiaOffer Received970-1,010
Middle EastPP Homo RaffiaSell Idea1,005
Middle EastPP Homo RaffiaSold990-1,000
Southeast AsiaPP Homo RaffiaBid Received1,050
Southeast AsiaPP Homo RaffiaBuy Idea1,010-1,040
Southeast AsiaPP Homo RaffiaOffer Given1,040-1,100
Southeast AsiaPP Homo RaffiaOffer Received1,040-1,060
Southeast AsiaPP Homo RaffiaPrice List1,120-1,140
Southeast AsiaPP Homo RaffiaPurchased1,040
Southeast AsiaPP Random Copolymer InjectionBuy Idea1,250
Southeast AsiaPP Random Copolymer InjectionOffer Received1,200-1,270
Southeast AsiaPP Random Copolymer InjectionPrice List1,200-1,220
Southeast AsiaPP Random Copolymer InjectionPurchased1,200

Range of local/localized PP transactions in February on FD Indonesia basis (excluding 10% VAT in all terms)

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaPP Block CopolymerOffer Given16,800,0001,017Cash In Advance
IndonesiaPP Block CopolymerOffer Received17,220,0001,04260 Days Credit Term
IndonesiaPP Block CopolymerPrice List15,820,000-17,430,000958-1055Cash In Advance
South KoreaPP Block CopolymerOffer Given16,700,000-16,800,0001011-101730 Days Credit Term
IndonesiaPP Homo FilmBid Given13,900,00084130 Days Credit Term
IndonesiaPP Homo FilmBid Received13,700,000-14,100,000829-853Cash In Advance
IndonesiaPP Homo FilmOffer Given15,620,000-17,520,000945-106015 Days Credit Term
IndonesiaPP Homo FilmOffer Given14,720,000-16,100,000891-975Cash In Advance
IndonesiaPP Homo FilmOffer Received15,300,000-17,400,000926-105315 Days Credit Term
IndonesiaPP Homo FilmOffer Received15,600,000-16,600,000944-100530 Days Credit Term
IndonesiaPP Homo FilmOffer Received15,600,000-17,525,000944-1061Cash In Advance
IndonesiaPP Homo FilmPrice List15,620,000-17,520,000945-1060Cash In Advance
IndonesiaPP Homo FilmPurchased15,400,000-16,300,000932-98730 Days Credit Term
IndonesiaPP Homo FilmPurchased14,500,000-15,300,000878-926Cash In Advance
IndonesiaPP Homo FilmSold15,600,000-15,750,000944-95330 Days Credit Term
IndonesiaPP Homo FilmSold14,500,000-15,900,000878-962Cash In Advance
MalaysiaPP Homo FilmOffer Received14,700,000-15,000,000890-90830 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given15,600,000-15,750,000944-95314 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given14,500,000-15,700,000878-950Cash In Advance
Southeast AsiaPP Homo FilmOffer Received16,000,00096815 Days Credit Term
ThailandPP Homo FilmOffer Received14,500,000-15,700,000878-95015 Days Credit Term
ThailandPP Homo FilmOffer Received15,300,000926Cash In Advance
IndonesiaPP Homo InjectionBid Received14,300,000866Cash In Advance
IndonesiaPP Homo InjectionBuy Idea13,500,000-13,800,000817-83530 Days Credit Term
IndonesiaPP Homo InjectionBuy Idea14,000,000847Cash In Advance
IndonesiaPP Homo InjectionOffer Given15,000,000-15,500,000908-93814 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,450,000-16,730,000875-101315 Days Credit Term
IndonesiaPP Homo InjectionOffer Given15,000,000-16,700,000908-101130 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,400,000-16,730,000872-1013Cash In Advance
IndonesiaPP Homo InjectionOffer Received14,500,000-16,150,000878-97830 Days Credit Term
IndonesiaPP Homo InjectionOffer Received14,700,000-14,800,000890-896Cash In Advance
IndonesiaPP Homo InjectionPrice List15,200,00092030 Days Credit Term
IndonesiaPP Homo InjectionPrice List14,450,000-16,730,000875-1013Cash In Advance
IndonesiaPP Homo InjectionPurchased15,000,000-16,230,000908-98230 Days Credit Term
IndonesiaPP Homo InjectionPurchased16,500,00099960 Days Credit Term
IndonesiaPP Homo InjectionPurchased14,350,000-16,230,000869-982Cash In Advance
IndonesiaPP Homo InjectionSell Idea14,700,000-15,600,000890-94430 Days Credit Term
IndonesiaPP Homo InjectionSold15,100,00091430 Days Credit Term
IndonesiaPP Homo InjectionSold15,500,000-15,800,000938-956Cash In Advance
MalaysiaPP Homo InjectionPurchased13,500,000817Cash In Advance
Southeast AsiaPP Homo InjectionBuy Idea14,000,000847Cash In Advance
Southeast AsiaPP Homo InjectionOffer Given15,000,000-15,500,000908-93814 Days Credit Term
Southeast AsiaPP Homo InjectionOffer Given14,500,000-16,200,000878-981Cash In Advance
Southeast AsiaPP Homo InjectionPurchased15,200,00092030 Days Credit Term
VietnamPP Homo InjectionBuy Idea13,800,00083530 Days Credit Term
VietnamPP Homo InjectionOffer Given14,400,000-15,800,000872-956Cash In Advance
VietnamPP Homo InjectionOffer Received14,400,00087230 Days Credit Term
VietnamPP Homo InjectionSold15,100,00091430 Days Credit Term
VietnamPP Homo InjectionSold14,300,000-15,800,000866-956Cash In Advance
IndonesiaPP Homo RaffiaBid Received14,500,00087830 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given15,000,000-15,500,000908-93814 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,600,000-16,730,000884-101315 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given15,900,000-16,700,000962-101130 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,300,000-16,400,000866-993Cash In Advance
IndonesiaPP Homo RaffiaOffer Received16,000,00096830 Days Credit Term
IndonesiaPP Homo RaffiaOffer Received14,000,000-15,400,000847-932Cash In Advance
IndonesiaPP Homo RaffiaPrice List14,450,000-16,870,000875-1021Cash In Advance
IndonesiaPP Homo RaffiaPurchased14,000,000-14,900,000847-902Cash In Advance
IndonesiaPP Homo RaffiaSell Idea14,700,000-15,600,000890-94430 Days Credit Term
IndonesiaPP Homo RaffiaSold15,000,000-15,900,000908-96230 Days Credit Term
IndonesiaPP Homo RaffiaSold14,800,000-15,800,000896-956Cash In Advance
Southeast AsiaPP Homo RaffiaBid Given13,800,00083530 Days Credit Term
Southeast AsiaPP Homo RaffiaBuy Idea14,000,000-15,000,000847-90830 Days Credit Term
Southeast AsiaPP Homo RaffiaBuy Idea14,000,000-15,000,000847-908Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Given15,000,000-15,500,000908-93814 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Given14,000,000-15,000,000847-908Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Received14,900,000-16,500,000902-99930 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Received14,000,000-15,500,000847-938Cash In Advance
Southeast AsiaPP Homo RaffiaPrice List14,900,000902Cash In Advance
Southeast AsiaPP Homo RaffiaPurchased14,200,00086030 Days Credit Term
Southeast AsiaPP Homo RaffiaPurchased14,000,000-15,400,000847-932Cash In Advance
Southeast AsiaPP Homo RaffiaSell Idea15,800,000956Cash In Advance
ThailandPP Homo RaffiaOffer Received15,200,000920Cash In Advance
VietnamPP Homo RaffiaOffer Given14,400,000-15,800,000872-956Cash In Advance
VietnamPP Homo RaffiaOffer Received14,600,00088460 Days Credit Term
VietnamPP Homo RaffiaOffer Received13,800,000835Cash In Advance
VietnamPP Homo RaffiaPurchased14,000,000-15,900,000847-962Cash In Advance
VietnamPP Homo RaffiaSold15,000,000-15,200,000908-92030 Days Credit Term
VietnamPP Homo RaffiaSold14,300,000-15,500,000866-938Cash In Advance
IndonesiaPP Random Copolymer InjectionPrice List17,060,000-19,900,0001033-1205Cash In Advance

Range of import PP transactions in February on LC at sight, CIF/CFR Indonesia Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
Far East AsiaPP Block CopolymerOffer Given1,020-1,110
Far East AsiaPP Block CopolymerOffer Received1,100
Far East AsiaPP Block CopolymerSold1,030
Middle EastPP Block CopolymerOffer Received990
Southeast AsiaPP Block CopolymerOffer Given1,080-1,150
Southeast AsiaPP Block CopolymerOffer Received1,180
Southeast AsiaPP Block CopolymerPurchased1,100-1,145
Southeast AsiaPP Block CopolymerSell Idea1,100
Southeast AsiaPP Block CopolymerSold1,075
Middle EastPP Homo FilmBuy Idea900
Middle EastPP Homo FilmOffer Received980-1,090
Middle EastPP Homo FilmPurchased980
Middle EastPP Homo FilmSell Idea965
Southeast AsiaPP Homo FilmOffer Received1,090
Southeast AsiaPP Homo FilmPurchased1,090
Middle EastPP Homo InjectionOffer Given960-970
Middle EastPP Homo InjectionOffer Received980
Southeast AsiaPP Homo InjectionOffer Given950-1,090
Southeast AsiaPP Homo InjectionOffer Received970-1,050
Southeast AsiaPP Homo InjectionPurchased920-930
Southeast AsiaPP Homo InjectionSell Idea1,020-1,030
Central AsiaPP Homo RaffiaOffer Given920-960
Central AsiaPP Homo RaffiaOffer Received900-950
Central AsiaPP Homo RaffiaSell Idea930
ChinaPP Homo RaffiaBid Given900
ChinaPP Homo RaffiaOffer Given925-970
ChinaPP Homo RaffiaOffer Received900-985
ChinaPP Homo RaffiaPurchased955
ChinaPP Homo RaffiaSell Idea925-950
Far East AsiaPP Homo RaffiaOffer Given970-980
Far East AsiaPP Homo RaffiaOffer Received990-1,010
Far East AsiaPP Homo RaffiaPurchased1,000
Indian SubcontinentPP Homo RaffiaOffer Given930-970
Middle EastPP Homo RaffiaBuy Idea920-980
Middle EastPP Homo RaffiaOffer Given950-970
Middle EastPP Homo RaffiaOffer Received930-1,000
Southeast AsiaPP Homo RaffiaBid Given880
Southeast AsiaPP Homo RaffiaBid Received950
Southeast AsiaPP Homo RaffiaOffer Given990-1,090
Southeast AsiaPP Homo RaffiaOffer Received940-1,080
Southeast AsiaPP Homo RaffiaPurchased1,040
Southeast AsiaPP Homo RaffiaSell Idea1,000-1,100
Southeast AsiaPP Random Copolymer InjectionOffer Given1,150

Range of local/localized PP transactions in March on FD Indonesia basis (excluding 10% VAT in all terms)

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaPP Block CopolymerPrice List15,410,000-16,730,000933-1013Cash In Advance
South KoreaPP Block CopolymerOffer Received16,300,000-16,700,000987-101160 Days Credit Term
ThailandPP Block CopolymerOffer Received17,270,0001,045Cash In Advance
IndonesiaPP Homo FilmBid Received14,000,000847Cash In Advance
IndonesiaPP Homo FilmBuy Idea14,300,000866Cash In Advance
IndonesiaPP Homo FilmOffer Given14,500,000-14,600,000878-88414 Days Credit Term
IndonesiaPP Homo FilmOffer Given15,000,000-16,300,000908-98715 Days Credit Term
IndonesiaPP Homo FilmOffer Given14,200,000-15,200,000860-920Cash In Advance
IndonesiaPP Homo FilmOffer Received15,000,000-16,500,000908-99915 Days Credit Term
IndonesiaPP Homo FilmOffer Received14,000,000-15,200,000847-92030 Days Credit Term
IndonesiaPP Homo FilmOffer Received14,400,000-15,700,000872-950Cash In Advance
IndonesiaPP Homo FilmPrice List14,870,000-15,660,000900-948Cash In Advance
IndonesiaPP Homo FilmPurchased15,000,000-16,500,000908-99915 Days Credit Term
IndonesiaPP Homo FilmPurchased14,320,000-15,600,000867-94430 Days Credit Term
IndonesiaPP Homo FilmPurchased14,176,000-14,857,000858-899Cash In Advance
IndonesiaPP Homo FilmSold14,400,000-15,500,000872-938Cash In Advance
MalaysiaPP Homo FilmOffer Received14,700,000-15,100,000890-91430 Days Credit Term
MalaysiaPP Homo FilmOffer Received15,350,000-15,800,000929-956Cash In Advance
MalaysiaPP Homo FilmPurchased15,400,000932Cash In Advance
Southeast AsiaPP Homo FilmOffer Given14,500,000-14,600,000878-88414 Days Credit Term
Southeast AsiaPP Homo FilmOffer Given14,700,000-15,500,000890-938Cash In Advance
ThailandPP Homo FilmOffer Received15,000,000-16,500,000908-99915 Days Credit Term
ThailandPP Homo FilmOffer Received15,450,000-15,500,000935-938Cash In Advance
ThailandPP Homo FilmPurchased14,900,000902Cash In Advance
IndonesiaPP Homo InjectionBid Received14,100,00085330 Days Credit Term
IndonesiaPP Homo InjectionBid Received13,800,000-14,100,000835-853Cash In Advance
IndonesiaPP Homo InjectionOffer Given14,100,000-14,200,000853-86014 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,300,000-15,600,000866-94415 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,200,000-14,800,000860-89630 Days Credit Term
IndonesiaPP Homo InjectionOffer Given14,100,000-15,200,000853-920Cash In Advance
IndonesiaPP Homo InjectionOffer Received14,310,00086615 Days Credit Term
IndonesiaPP Homo InjectionOffer Received14,200,000-15,000,000860-90830 Days Credit Term
IndonesiaPP Homo InjectionOffer Received14,300,00086645 Days Credit Term
IndonesiaPP Homo InjectionOffer Received14,300,00086690 Days Credit Term
IndonesiaPP Homo InjectionOffer Received13,300,000-14,360,000805-869Cash In Advance
IndonesiaPP Homo InjectionPrice List14,310,000-15,440,000866-935Cash In Advance
IndonesiaPP Homo InjectionPurchased13,400,000-13,700,000811-82930 Days Credit Term
IndonesiaPP Homo InjectionPurchased14,300,00086690 Days Credit Term
IndonesiaPP Homo InjectionSold15,200,00092030 Days Credit Term
IndonesiaPP Homo InjectionSold13,800,00083560 Days Credit Term
IndonesiaPP Homo InjectionSold14,200,000-15,500,000860-938Cash In Advance
Southeast AsiaPP Homo InjectionBuy Idea13,500,000817Cash In Advance
Southeast AsiaPP Homo InjectionOffer Given14,100,000-14,200,000853-86014 Days Credit Term
Southeast AsiaPP Homo InjectionOffer Given14,100,000-15,000,000853-908Cash In Advance
Southeast AsiaPP Homo InjectionOffer Received14,500,00087830 Days Credit Term
VietnamPP Homo InjectionBuy Idea13,500,00081730 Days Credit Term
VietnamPP Homo InjectionOffer Given14,100,000-14,900,000853-902Cash In Advance
VietnamPP Homo InjectionSold14,700,000890Cash In Advance
IndonesiaPP Homo RaffiaBid Received13,800,000-14,100,000835-853Cash In Advance
IndonesiaPP Homo RaffiaBuy Idea13,700,000829Cash In Advance
IndonesiaPP Homo RaffiaOffer Given14,100,000-14,200,000853-86014 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,450,000-15,600,000875-94415 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,310,000-15,200,000866-92030 Days Credit Term
IndonesiaPP Homo RaffiaOffer Given14,100,000-15,200,000853-920Cash In Advance
IndonesiaPP Homo RaffiaOffer Received14,450,00087515 Days Credit Term
IndonesiaPP Homo RaffiaOffer Received14,250,000-14,300,000863-86630 Days Credit Term
IndonesiaPP Homo RaffiaOffer Received14,200,000-15,000,000860-908Cash In Advance
IndonesiaPP Homo RaffiaPrice List14,250,000-15,200,000863-920Cash In Advance
IndonesiaPP Homo RaffiaPurchased14,200,000860Cash In Advance
IndonesiaPP Homo RaffiaSold14,000,00084745 Days Credit Term
IndonesiaPP Homo RaffiaSold14,700,000-14,800,000890-896Cash In Advance
MalaysiaPP Homo RaffiaPurchased13,500,000817Cash In Advance
Southeast AsiaPP Homo RaffiaBuy Idea13,400,000-13,500,000811-817Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Given14,100,000-14,200,000853-86014 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Given14,200,000-15,000,000860-908Cash In Advance
Southeast AsiaPP Homo RaffiaOffer Received14,600,000-15,700,000884-95030 Days Credit Term
Southeast AsiaPP Homo RaffiaOffer Received14,130,000-14,700,000855-890Cash In Advance
Southeast AsiaPP Homo RaffiaPrice List15,200,000920Cash In Advance
ThailandPP Homo RaffiaOffer Received13,800,000835Cash In Advance
ThailandPP Homo RaffiaPurchased13,900,000841Cash In Advance
VietnamPP Homo RaffiaBid Received13,800,000-13,900,000835-841Cash In Advance
VietnamPP Homo RaffiaOffer Given14,100,000-14,850,000853-899Cash In Advance
VietnamPP Homo RaffiaOffer Received13,800,000-14,200,000835-860Cash In Advance
VietnamPP Homo RaffiaSold14,800,000896Cash In Advance
IndonesiaPP Random Copolymer InjectionPrice List16,510,000-17,820,000999-1079Cash In Advance

Range of import PP transactions in March on LC at sight, CIF/CFR Indonesia Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
Far East AsiaPP Block CopolymerOffer Given980-1,020
Far East AsiaPP Block CopolymerOffer Received950-1,020
Far East AsiaPP Block CopolymerPrice List1,000
Middle EastPP Block CopolymerOffer Received970
Middle EastPP Block CopolymerPurchased950
Southeast AsiaPP Block CopolymerBuy Idea980-1,050
Southeast AsiaPP Block CopolymerOffer Given1,000-1,100
Southeast AsiaPP Block CopolymerOffer Received1,070-1,120
Southeast AsiaPP Block CopolymerPrice List1,000
Southeast AsiaPP Block CopolymerPurchased1,090-1,110
Southeast AsiaPP Block CopolymerSell Idea980
Middle EastPP Homo FilmBuy Idea760
Middle EastPP Homo FilmOffer Received800-950
Middle EastPP Homo FilmPurchased890-920
Southeast AsiaPP Homo FilmOffer Given950
Southeast AsiaPP Homo FilmOffer Received840-1,020
Southeast AsiaPP Homo FilmPrice List950
Southeast AsiaPP Homo FilmPurchased1,010-1,020
Southeast AsiaPP Homo FilmPurchased830
Far East AsiaPP Homo InjectionOffer Given920
Far East AsiaPP Homo InjectionPurchased900
Indian SubcontinentPP Homo InjectionOffer Given900
Middle EastPP Homo InjectionOffer Given950
Middle EastPP Homo InjectionSell Idea900
Southeast AsiaPP Homo InjectionBid Received800-850
Southeast AsiaPP Homo InjectionBuy Idea910-920
Southeast AsiaPP Homo InjectionOffer Given830-1,000
Southeast AsiaPP Homo InjectionOffer Received930-1,050
Southeast AsiaPP Homo InjectionPrice List920
Southeast AsiaPP Homo InjectionPurchased940
Central AsiaPP Homo RaffiaOffer Given900-910
ChinaPP Homo RaffiaOffer Given910-940
ChinaPP Homo RaffiaOffer Received930
Far East AsiaPP Homo RaffiaOffer Given920
Far East AsiaPP Homo RaffiaOffer Received850
Far East AsiaPP Homo RaffiaPurchased900
Far East AsiaPP Homo RaffiaPurchased830
Indian SubcontinentPP Homo RaffiaBuy Idea880
Indian SubcontinentPP Homo RaffiaOffer Given900-920
Indian SubcontinentPP Homo RaffiaPurchased900
Indian SubcontinentPP Homo RaffiaSell Idea920
Middle EastPP Homo RaffiaBuy Idea720-890
Middle EastPP Homo RaffiaOffer Given880-950
Middle EastPP Homo RaffiaOffer Received880-950
Middle EastPP Homo RaffiaPurchased900
Middle EastPP Homo RaffiaSell Idea890
Southeast AsiaPP Homo RaffiaBid Received800
Southeast AsiaPP Homo RaffiaBuy Idea890
Southeast AsiaPP Homo RaffiaOffer Given830-920
Southeast AsiaPP Homo RaffiaOffer Received850-960
Southeast AsiaPP Homo RaffiaPrice List920-1,110
Southeast AsiaPP Homo RaffiaPurchased830-940
Southeast AsiaPP Homo RaffiaSold910-920
Far East AsiaPP Random Copolymer InjectionPrice List1,020-1,080
Southeast AsiaPP Random Copolymer InjectionPrice List1,060

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

Published on April 9, 2020 1:37 PM (GMT+8)
Last Updated on April 9, 2020 1:37 PM (GMT+8)