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QuarterlySSESSMENTS: Q2 2020 Indonesia PE Prices

Author: SSESSMENTS

  • Supply condition provided cushions to PE prices in the domestic market
  • Demand improvement was seen in June
  • Market players voice out different outlook 

In April, SSESSMENTS.COM noted that the leading Indonesian polyolefins producer decided to roll over local offers for HDPE and LLDPE grades on the week commencing April 6. However, starting from the second week until the final week of the month, the producer made a continuous reduction on offers. During those weeks, the total price reduction recorded for HDPE Blow Moulding and HDPE Film were between IDR2,200,000-2,570,000/ton ($152-178/ton) and IDR2,200,000-2,890,000/ton ($152-200/ton) respectively. While for LLDPE Film C4, the total reduction was between IDR2,000,000-2,250,000/ton ($139-156/ton). Similarly, for localized Southeast Asian cargoes, firm offers were only recorded in the first week of the month and starting from the second week until the end of the month, the offers were generally on a downtrend. Moving to May, market sources reported that the offers for local and localized PE cargoes in the country were generally stable as the downward adjustment was only recorded in the first week of the month. In the first week of May, the leading Indonesian polyolefins producer reduced offers for HDPE and LLDPE grades between IDR130,000-140,000/ton ($9-10/ton) and by IDR290,000/ton ($20/ton) respectively. However, some traders attempted a price increase of between IDR400,000-420,000/ton ($28-29/ton) for HDPE Film and IDR500,000-530,000/ton ($35-37/ton) for LLDPE Film C4 amid the relatively tight supply stemming from the unplanned shutdown at the leading polyolefins producer’s PE plant.

Starting from the second week until the final week of May, SSESSMENTS.COM noted that the price list from the leading Indonesian polyolefins producer recorded a total increase of IDR440,000/ton ($30/ton) for HDPE Blow Moulding, IDR670,000/ton ($46/ton) for HDPE Film, and IDR860,000/ton ($59.5/ton) for LLDPE Film C4. Similarly, offers for local and localized Southeast Asian PE cargoes via traders on the week commencing May 11 were stable to firmer following the local producer’s pricing strategy, with a significant increment of IDR900,000/ton ($62/ton) and IDR1,100,000/ton ($76/ton) was recorded on offers for HDPE Film and LLDPE Film C4 respectively on a weekly comparison. As tightness in supply persisted, local PE offers in Indonesia were generally recorded in an upward trend during June, except for some local trades who decided to lower the offers on the week commencing June 15 due to the slow sales. In total, the reduction made by the leading polyolefins producer was between IDR990,000-1,020,000/ton ($69-71/ton) for both HDPE Blow Moulding and HDPE Film offers. While for LLDPE Film C4 and mLLDPE C6, the total increment was between IDR1,350,000-1,370,000/ton ($93.5-95/ton) and by IDR650,000/ton ($45/ton) respectively. Another local producer also announced offers on June 2, with an upward adjustment of IDR1,100,000/ton ($76/ton) for HDPE and LLDPE grades compared to the offer level announced on May 11. From the traders’ side, sources added that the most notable adjustment of IDR900,000/ton ($62/ton) for LLDPE Film C4 was seen on the week commencing June 22 triggered by the unexpected shutdown at leading polyolefins producers’ LLDPE plant that led to tighter supply for LLDPE Film C4. 

From the import market, SSESSMENTS.COM noted that price movements for import PE cargoes of various origins during April were generally stable to softer between $20-60/ton on week-on-week comparison. However, an upward adjustment of between $10-30/ton on a weekly comparison was recorded in the third week of April for Middle Eastern HDPE Film cargoes as suppliers claimed that offers in the previous week were too low. Moving to May, import PE offers of various origins to the Indonesia market were recorded on an uptrend with increases between $5-20/ton on week-on-week comparison. However, sources stated that the most notable adjustment was captured on the week commencing May 25 for US LLDPE Film C4 cargoes between $60-70/ton on biweekly comparison. Further added, the cargoes were already available at Port Klang, Malaysia. Entering June, the offers for import PE cargoes were still recorded on an uptrend. In total, import Thai cargoes reportedly increased between $90-135/ton for HDPE Film, $20-50/ton for LDPE Film, $80-135/ton for LLDPE Film C4, and $20/ton for mLLDPE C6. Likewise, offers for Singaporean HDPE Blow Moulding cargoes also surged by $100/ton on the monthly comparison. Meanwhile, July shipment offers for HDPE Film and LLDPE Film C4 from a Saudi PE producer hiked by $100/ton and $90/ton respectively from June shipment. SSESSMENTS.COM’s pricing database also showed that the deals for US LLDPE Film C4 with cargoes available at Port Klang, Malaysia was concluded at $900/ton on LC at sight, CIF Indonesia Main Port basis in late June, between $70-80/ton higher compared to the done deals achieved on the week commencing June 8. Although overall responses were deemed satisfactory as sellers were still able to conclude deals at the initial offer levels or slightly lower, some buyers were showing resistance towards the high offers and preferred to make purchases on small volume. 

During April and May, PE demand in Indonesia was sluggish affected by several factors, such as Coronavirus pandemic as well as the biggest annual celebration for Muslims; Ramadhan (fasting month) and Eid Al-Fitr holiday. Due to the large-scale social restrictions amid pandemic, sources revealed that converters preferred to source local materials as anticipation of logistical constraints, although import prices in April were very low. Owing to the low purchasing power on end-consumers’ end amid pandemic, SSESSMENTS.COM was informed that most converters in Indonesia were running at 50-80% from the normal rate during May. Moreover, the Indonesian market was quiet during the second half of May due to the Eid Al-Fitr holiday. Entering June, PE demand in Indonesia was considered healthy as compared to demand in May. Demand for PE resins gradually improved as converters gained confidence to purchase raw materials since end-buyers started to submit orders following the implementation of “new normal” policy. Market sources also mentioned that the strongest demand was recorded for hygiene and health-related products amid the Coronavirus pandemic. Other than that, demand for single-use plastic bags and fashion bags also reported healthy. 

Throughout Q2 2020, PE supply in Indonesia was tight. In April, tightness in supply for HDPE Blow Moulding and HDPE Film was reported from the leading Indonesian polyolefins as the producer closed its HDPE plant with capacity of 200,000 tons/year since the week commencing April 13. The plant remained shut for maintenance until April 24 and the production for HDPE Film resumed in the week commencing April 27. While for HDPE Blow Moulding, the production restarted in early May. However, sources informed SSESSMENTS.COM that the leading polyolefins producer’s HDPE plant with capacity of 136,000 tons/year and HDPE/LLDPE swing plant with a capacity of 400,000 tons/year experienced an unplanned shutdown in early and remained closed until mid-May which led to supply shortage during the month. While in June, tightness in the domestic market persisted as the leading polyolefins producer had no spot offers due to limited supply and needed to clear backlogs. Moreover, PE supply from regional producers, such as Thailand was also tight. On top of that, the leading Indonesian polyolefins producer’s LLDPE plant with a capacity of 400,000/ton experienced an outage twice in June, which was in early June and on June 22. The plant which produces LLDPE Film C4 and LLDPE Roto 3840 restarted on July 1 morning and has been able to produce prime grade materials since July 6. 

Pertaining to the outlook, market players in Indonesia express different opinions to SSESSMENTS.COM. Some players believe that local and import PE prices will remain firm as supported by the strong crude oil and feedstock prices coupled with the tightness in supply. However, some others are unsure regarding the price and demand movement as the number of confirmed COVID-19 cases in Indonesia continues to increase after the implementation of  “new normal” policy, which might affect buying sentiment.

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

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaHDPE Blow MouldingOffer Given12,600,000-14,600,000873-1,012Cash In Advance
IndonesiaHDPE Blow MouldingPrice List12,140,000-14,710,000841-1,019Cash In Advance
IndonesiaHDPE Blow MouldingOffer Given12,300,00085215 Days Credit Term
IndonesiaHDPE Blow MouldingBid Given14,000,000-14,100,000970-97730 Days Credit Term
IndonesiaHDPE Blow MouldingOffer Received12,700,000-14,900,000880-1,03330 Days Credit Term
IndonesiaHDPE Blow MouldingPurchased13,500,000-14,900,000936-1,03330 Days Credit Term
SingaporeHDPE Blow MouldingPurchased14,000,00097030 Days Credit Term
Southeast AsiaHDPE Blow MouldingOffer Given12,600,000-14,600,000873-1,012Cash In Advance
Southeast AsiaHDPE Blow MouldingOffer Given12,300,00085215 Days Credit Term
ThailandHDPE Blow MouldingOffer Given12,250,000-14,400,000849-998Cash In Advance
IndonesiaHDPE FilmBuy Idea11,000,000762Cash In Advance
IndonesiaHDPE FilmOffer Given11,600,000-14,600,000804-1,012Cash In Advance
IndonesiaHDPE FilmOffer Received11,500,000-14,900,000797-1,033Cash In Advance
IndonesiaHDPE FilmPrice List11,750,000-14,780,000814-1,019Cash In Advance
IndonesiaHDPE FilmPurchased11,800,000-12,700,000818-880Cash In Advance
IndonesiaHDPE FilmOffer Given11,900,000-14,640,000825-1,01530 Days Credit Term
IndonesiaHDPE FilmOffer Given12,200,00084515 Days Credit Term
IndonesiaHDPE FilmOffer Received11,600,000-14,600,000804-1,01230 Days Credit Term
IndonesiaHDPE FilmPurchased12,300,000-14,100,000852-97730 Days Credit Term
MalaysiaHDPE FilmOffer Received12,000,00083230 Days Credit Term
SingaporeHDPE FilmPurchased12,000,00083230 Days Credit Term
Southeast AsiaHDPE FilmOffer Given12,100,000-14,600,000838-1,012Cash In Advance
Southeast AsiaHDPE FilmOffer Received11,500,000-14,310,000797-991Cash In Advance
Southeast AsiaHDPE FilmPurchased13,900,000-14,310,000963-991Cash In Advance
Southeast AsiaHDPE FilmOffer Given12,200,00084515 Days Credit Term
Southeast AsiaHDPE FilmOffer Received14,500,0001,00515 Days Credit Term
Southeast AsiaHDPE FilmOffer Received12,460,000-14,300,000863-99130 Days Credit Term
Southeast AsiaHDPE FilmPurchased11,800,000-15,000,000818-1,03930 Days Credit Term
ThailandHDPE FilmBid Received13,340,000924Cash In Advance
ThailandHDPE FilmOffer Given11,820,000-14,400,000819-998Cash In Advance
ThailandHDPE FilmOffer Received13,200,000-13,800,000915-956Cash In Advance
ThailandHDPE FilmSold12,050,000835Cash In Advance
IndonesiaLDPE FilmOffer Given16,200,000-17,500,0001,123-1,213Cash In Advance
MalaysiaLDPE FilmOffer Received15,000,0001,039Cash In Advance
MalaysiaLDPE FilmOffer Received17,500,0001,21320 Days Credit Term
MalaysiaLDPE FilmOffer Given15,300,000-17,000,0001,060-1,17830 Days Credit Term
MalaysiaLDPE FilmOffer Received15,000,000-17,000,0001,039-1,17830 Days Credit Term
MalaysiaLDPE FilmPurchased14,800,0001,02630 Days Credit Term
SingaporeLDPE FilmOffer Received15,500,000-15,800,0001,074-1,09530 Days Credit Term
Southeast AsiaLDPE FilmBid Given15,000,0001,039Cash In Advance
Southeast AsiaLDPE FilmOffer Given15,100,000-16,500,0001,046-1,143Cash In Advance
Southeast AsiaLDPE FilmSold16,600,0001,15Cash In Advance
Southeast AsiaLDPE FilmOffer Given15,400,0001,06715 Days Credit Term
Southeast AsiaLDPE FilmOffer Received15,600,0001,08130 Days Credit Term
ThailandLDPE FilmBid Received14,500,0001,005Cash In Advance
ThailandLDPE FilmOffer Given14,900,000-16,720,0001,033-1,157Cash In Advance
ThailandLDPE FilmOffer Received14,250,000-15,900,000987-1,102Cash In Advance
ThailandLDPE FilmSold16,400,000-16,700,0001,136-1,157Cash In Advance
ThailandLDPE FilmOffer Received15,260,0001,05730 Days Credit Term
IndonesiaLLDPE Film C4Bid Given11,360,000-13,180,000787-913Cash In Advance
IndonesiaLLDPE Film C4Buy Idea13,500,000-14,500,000936-1,005Cash In Advance
IndonesiaLLDPE Film C4Offer Given11,600,000-13,800,000804-956Cash In Advance
IndonesiaLLDPE Film C4Offer Received11,700,000-14,000,000811-970Cash In Advance
IndonesiaLLDPE Film C4Price List11,600,000-13,850,000804-956Cash In Advance
IndonesiaLLDPE Film C4Purchased11,300,000-13,360,000783-922Cash In Advance
IndonesiaLLDPE Film C4Sold11,100,000-12,300,000769-852Cash In Advance
IndonesiaLLDPE Film C4Offer Given12,200,00084515 Days Credit Term
IndonesiaLLDPE Film C4Offer Given12,200,000-13,900,000845-96330 Days Credit Term
IndonesiaLLDPE Film C4Offer Received11,600,000-13,950,000804-96330 Days Credit Term
IndonesiaLLDPE Film C4Purchased12,000,000-13,500,000832-93630 Days Credit Term
IndonesiaLLDPE Film C4Offer Received12,300,00085245 Days Credit Term
IndonesiaLLDPE Film C4Purchased12,300,00085245 Days Credit Term
MalaysiaLLDPE Film C4Offer Received12,800,000887Cash In Advance
MalaysiaLLDPE Film C4Offer Received11,850,000-13,620,000821-94230 Days Credit Term
Southeast AsiaLLDPE Film C4Buy Idea12,600,000873Cash In Advance
Southeast AsiaLLDPE Film C4Offer Given11,600,000-14,000,000804-970Cash In Advance
Southeast AsiaLLDPE Film C4Offer Received11,000,000-14,000,000762-970Cash In Advance
Southeast AsiaLLDPE Film C4Sold11,900,000825Cash In Advance
Southeast AsiaLLDPE Film C4Offer Given12,200,00084515 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Received11,900,000-13,900,000825-96330 Days Credit Term
Southeast AsiaLLDPE Film C4Purchased12,700,000-14,000,000880-97030 Days Credit Term
ThailandLLDPE Film C4Offer Given11,340,000-13,800,000786-956Cash In Advance
ThailandLLDPE Film C4Offer Received11,500,000-13,400,000797-929Cash In Advance
ThailandLLDPE Film C4Sold11,700,000-11,900,000811-825Cash In Advance
IndonesiamLLDPE C6Offer Given14,500,0001,005Cash In Advance
IndonesiamLLDPE C6Price List14,650,000-16,270,0001,015-1,127Cash In Advance
USAmLLDPE C6Offer Given16,270,0001,127Cash In Advance

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

OriginProductTransaction TypeOffers (USD/ton)
Middle EastHDPE Blow MouldingOffer Given750-880
Southeast AsiaHDPE Blow MouldingOffer Given740-800
Southeast AsiaHDPE Blow MouldingPrice List760
Middle EastHDPE FilmBid Received550-700
Middle EastHDPE FilmBuy Idea600-690
Middle EastHDPE FilmOffer Given720-770
Middle EastHDPE FilmOffer Received705-770
Middle EastHDPE FilmSold720-780
North AmericaHDPE FilmPurchased705-715
Southeast AsiaHDPE FilmBid Received710
Southeast AsiaHDPE FilmBuy Idea690-750
Southeast AsiaHDPE FilmOffer Given740-860
Southeast AsiaHDPE FilmOffer Received740-780
Southeast AsiaHDPE FilmPrice List760
Southeast AsiaHDPE FilmSell Idea880
Indian SubcontinentHDPE YarnOffer Given720
Southeast AsiaHDPE YarnOffer Given740-800
Middle EastLDPE FilmBid Received800
Middle EastLDPE FilmOffer Given800-880*
Middle EastLDPE FilmOffer Received820-880
Middle EastLDPE FilmPurchased800
Middle EastLDPE FilmSold820
Southeast AsiaLDPE FilmBid Given700
Southeast AsiaLDPE FilmOffer Given900-980
Southeast AsiaLDPE FilmOffer Received980
Southeast AsiaLDPE FilmPrice List930
Southeast AsiaLDPE FilmPurchased895-940
Central AsiaLLDPE Film C4Offer Received670
Far East AsiaLLDPE Film C4Offer Received750
Indian SubcontinentLLDPE Film C4Offer Given720-730
Indian SubcontinentLLDPE Film C4Offer Received700
Middle EastLLDPE Film C4Bid Received550-720*
Middle EastLLDPE Film C4Buy Idea600-690
Middle EastLLDPE Film C4Offer Given680-770
Middle EastLLDPE Film C4Offer Received680-770
Middle EastLLDPE Film C4Purchased675
Middle EastLLDPE Film C4Sold690-790
North AmericaLLDPE Film C4Bid Given620
North AmericaLLDPE Film C4Buy Idea680
North AmericaLLDPE Film C4Offer Given700-780
North AmericaLLDPE Film C4Offer Received660-730
North AmericaLLDPE Film C4Purchased650-730
North AmericaLLDPE Film C4Sell Idea690-700
North AmericaLLDPE Film C4Sold740-750
Southeast AsiaLLDPE Film C4Bid Given680
Southeast AsiaLLDPE Film C4Bid Received710
Southeast AsiaLLDPE Film C4Buy Idea690-750
Southeast AsiaLLDPE Film C4Offer Given740-800
Southeast AsiaLLDPE Film C4Offer Received710-780
Southeast AsiaLLDPE Film C4Purchased710-745
Description: *May shipment offers

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

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaHDPE Blow MouldingOffer Given12,500,000-13,000,000866-901Cash In Advance
IndonesiaHDPE Blow MouldingPrice List12,010,000-12,700,000832-880Cash In Advance
IndonesiaHDPE Blow MouldingOffer Given12,700,00088014 Days Credit Term
IndonesiaHDPE Blow MouldingOffer Given12,700,00088030 Days Credit Term
IndonesiaHDPE Blow MouldingPrice List12,020,00083330 Days Credit Term
SingaporeHDPE Blow MouldingOffer Given12,700,00088030 Days Credit Term
Southeast AsiaHDPE Blow MouldingOffer Given12,500,000-13,000,000866-901Cash In Advance
Southeast AsiaHDPE Blow MouldingOffer Given12,700,00088014 Days Credit Term
ThailandHDPE Blow MouldingOffer Given12,000,000832Cash In Advance
IndonesiaHDPE FilmOffer Given11,600,000-13,200,000804-915Cash In Advance
IndonesiaHDPE FilmOffer Received11,200,000-12,700,000776-880Cash In Advance
IndonesiaHDPE FilmPrice List11,620,000-12,700,000804-880Cash In Advance
IndonesiaHDPE FilmPurchased11,700,000-12,360,000811-852Cash In Advance
IndonesiaHDPE FilmOffer Given12,000,000-13,200,000832-91514 Days Credit Term
IndonesiaHDPE FilmOffer Given12,000,000-13,200,000832-91530 Days Credit Term
IndonesiaHDPE FilmOffer Received11,790,000-12,800,000817-88730 Days Credit Term
IndonesiaHDPE FilmPurchased12,640,00087630 Days Credit Term
SingaporeHDPE FilmPurchased12,700,000880Cash In Advance
SingaporeHDPE FilmOffer Received13,450,00093230 Days Credit Term
SingaporeHDPE FilmPurchased12,640,000-13,300,000876-92230 Days Credit Term
Southeast AsiaHDPE FilmOffer Given12,000,000-13,200,000832-915Cash In Advance
Southeast AsiaHDPE FilmPurchased11,500,000797Cash In Advance
Southeast AsiaHDPE FilmOffer Given12,900,00089414 Days Credit Term
Southeast AsiaHDPE FilmOffer Received12,000,000-13,400,000832-92930 Days Credit Term
Southeast AsiaHDPE FilmPurchased12,200,00084530 Days Credit Term
ThailandHDPE FilmOffer Given11,220,000-12,500,000778-866Cash In Advance
ThailandHDPE FilmSold12,400,000-12,500,000859-866Cash In Advance
ThailandHDPE FilmPurchased12,200,00084530 Days Credit Term
ThailandHDPE YarnOffer Given12,000,000-14,000,000832-970Cash In Advance
MalaysiaLDPE FilmOffer Given14,000,000970Cash In Advance
MalaysiaLDPE FilmOffer Given14,300,00099114 Days Credit Term
MalaysiaLDPE FilmOffer Received15,000,0001,039Cash In Advance
MalaysiaLDPE FilmOffer Received14,750,000-14,950,0001,022-1,03330 Days Credit Term
MalaysiaLDPE FilmPurchased14,650,0001,01530 Days Credit Term
Southeast AsiaLDPE FilmOffer Given14,700,0001,019Cash In Advance
Southeast AsiaLDPE FilmOffer Given14,500,000-15,000,0001,005-1,03930 Days Credit Term
ThailandLDPE FilmOffer Given14,600,000-15,500,0001,012-1,074Cash In Advance
ThailandLDPE FilmBid Received14,200,000984Cash In Advance
ThailandLDPE FilmOffer Received14,250,000987Cash In Advance
IndonesiaLLDPE Film C4Bid Given10,900,000755Cash In Advance
IndonesiaLLDPE Film C4Offer Given11,300,000-13,400,000783-929Cash In Advance
IndonesiaLLDPE Film C4Offer Given12,600,00087314 Days Credit Term
IndonesiaLLDPE Film C4Offer Given11,300,000-12,800,000783-88730 Days Credit Term
IndonesiaLLDPE Film C4Offer Received10,600,000-13,200,000735-915Cash In Advance
IndonesiaLLDPE Film C4Offer Received11,800,000-12,700,000818-88030 Days Credit Term
IndonesiaLLDPE Film C4Price List11,310,000-12,900,000784-894Cash In Advance
IndonesiaLLDPE Film C4Sell Idea12,200,000-13,600,000845-942Cash In Advance
IndonesiaLLDPE Film C4Purchased12,630,00087530 Days Credit Term
MalaysiaLLDPE Film C4Offer Received11,000,000-11,500,000762-79730 Days Credit Term
MalaysiaLLDPE Film C4Purchased11,000,000-11,300,000762-78330 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Given11,500,000-12,700,000797-880Cash In Advance
Southeast AsiaLLDPE Film C4Purchased11,000,000762Cash In Advance
Southeast AsiaLLDPE Film C4Offer Given12,600,00087314 Days Credit Term
Southeast AsiaLLDPE Film C4Buy Idea10,900,000-11,000,000755-76230 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Received11,200,000-13,100,000776-90830 Days Credit Term
ThailandLLDPE Film C4Bid Given10,800,000-11,000,000748-762Cash In Advance
ThailandLLDPE Film C4Offer Given10,970,000-12,300,000760-852Cash In Advance
ThailandLLDPE Film C4Offer Received11,100,000-14,000,000769-970Cash In Advance
ThailandLLDPE Film C4Sold12,400,000859Cash In Advance
IndonesiamLLDPE C6Price List14,780,000-15,080,0001,024-1,039Cash In Advance

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

OriginProductTransaction TypeOffers (USD/ton)
Southeast AsiaHDPE Blow MouldingOffer Given730-840
Southeast AsiaHDPE Blow MouldingPrice List760
Middle EastHDPE FilmOffer Given750*-780
Middle EastHDPE FilmOffer Received720-740
Middle EastHDPE FilmPurchased705-720
North AmericaHDPE FilmPurchased725
Southeast AsiaHDPE FilmOffer Given730-830
Southeast AsiaHDPE FilmOffer Received830
Southeast AsiaHDPE FilmPrice List760
Southeast AsiaHDPE FilmSold750-780
Indian SubcontinentHDPE YarnOffer Given760
Southeast AsiaHDPE YarnOffer Given730-800
Middle EastLDPE FilmOffer Given840-850*
Middle EastLDPE FilmOffer Received800-810
Middle EastLDPE FilmPurchased800-860
Middle EastLDPE FilmSold820-830
Southeast AsiaLDPE FilmOffer Given870-940
Southeast AsiaLDPE FilmPrice List920
Central AsiaLLDPE Film C4Offer Received680
Indian SubcontinentLLDPE Film C4Offer Given730
Indian SubcontinentLLDPE Film C4Purchased710
Indian SubcontinentLLDPE Film C4Sold730
Middle EastLLDPE Film C4Offer Given740-770
Middle EastLLDPE Film C4Offer Received690-720
Middle EastLLDPE Film C4Purchased690**-770
Middle EastLLDPE Film C4Sell Idea750*
Middle EastLLDPE Film C4Sold740-745
North AmericaLLDPE Film C4Bid Received720
North AmericaLLDPE Film C4Offer Given710-740
North AmericaLLDPE Film C4Offer Received720-780
North AmericaLLDPE Film C4Purchased660-675
North AmericaLLDPE Film C4Sell Idea750
Southeast AsiaLLDPE Film C4Offer Given735-750
Southeast AsiaLLDPE Film C4Offer Received710-730
Southeast AsiaLLDPE Film C4Purchased710
Southeast AsiaLLDPE Film C4Sold740-750
Southeast AsiamLLDPE C6Offer Given890-910
Southeast AsiamLLDPE C6Offer Received890-900
Southeast AsiamLLDPE C6Purchased900
Description: *June shipment offers **Shipment from Port Klang, Malaysia

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

OriginProductTransaction TypeOffers (IDR/ton)Equivalent in USD/tonPayment Term
IndonesiaHDPE Blow MouldingOffer Given13,600,000-14,300,000942-991Cash In Advance
IndonesiaHDPE Blow MouldingOffer Received13,400,000*929Cash In Advance
IndonesiaHDPE Blow MouldingPrice List13,040,000-14,500,000904-1,005Cash In Advance
IndonesiaHDPE Blow MouldingOffer Given13,750,00095314 Days Credit Term
IndonesiaHDPE Blow MouldingOffer Given13,800,000-14,000,000956-97030 Days Credit Term
IndonesiaHDPE Blow MouldingOffer Received13,600,000*94230 Days Credit Term
IndonesiaHDPE Blow MouldingPurchased13,800,00095630 Days Credit Term
Southeast AsiaHDPE Blow MouldingOffer Given14,000,000-14,300,000970-991Cash In Advance
Southeast AsiaHDPE Blow MouldingOffer Given13,750,00095314 Days Credit Term
Southeast AsiaHDPE Blow MouldingOffer Received13,800,000-14,000,000956-97030 Days Credit Term
IndonesiaHDPE FilmOffer Given13,300,000-14,500,000922-1,005Cash In Advance
IndonesiaHDPE FilmOffer Received12,750,000-13,900,000884-963Cash In Advance
IndonesiaHDPE FilmPrice List12,880,000-14,500,000893-1,005Cash In Advance
IndonesiaHDPE FilmPurchased13,100,000-13,800,000908-956Cash In Advance
IndonesiaHDPE FilmOffer Given13,750,00095314 Days Credit Term
IndonesiaHDPE FilmOffer Given13,800,000-14,500,000956-1,00530 Days Credit Term
IndonesiaHDPE FilmOffer Received12,700,000-14,100,000880-97730 Days Credit Term
IndonesiaHDPE FilmPurchased12,700,000-14,100,000880-97730 Days Credit Term
MalaysiaHDPE FilmOffer Received13,370,000-13,800,000927-956Cash In Advance
MalaysiaHDPE FilmPurchased13,100,00090830 Days Credit Term
SingaporeHDPE FilmOffer Received14,000,000-14,100,000970-97730 Days Credit Term
SingaporeHDPE FilmPurchased14,000,000-14,100,000970-97730 Days Credit Term
Southeast AsiaHDPE FilmOffer Given13,700,000-14,300,000949-991Cash In Advance
Southeast AsiaHDPE FilmOffer Received12,750,000-14,000,000884-970Cash In Advance
Southeast AsiaHDPE FilmPurchased12,750,000-13,380,000884-922Cash In Advance
Southeast AsiaHDPE FilmOffer Given13,750,00095314 Days Credit Term
Southeast AsiaHDPE FilmOffer Received13,100,000-14,300,000908-99130 Days Credit Term
Southeast AsiaHDPE FilmPurchased12,550,000-13,730,000870-94930 Days Credit Term
ThailandHDPE FilmOffer Given12,800,000-13,320,000887-922Cash In Advance
ThailandHDPE FilmOffer Received12,400,000-13,900,000859-963Cash In Advance
ThailandHDPE FilmPurchased13,700,00094930 Days Credit Term
ThailandHDPE Pipe Black (100)Offer Received14,000,000970Cash In Advance
MalaysiaLDPE FilmOffer Given13,800,000-14,200,000956-984Cash In Advance
MalaysiaLDPE FilmOffer Received13,750,000953Cash In Advance
MalaysiaLDPE FilmPurchased13,600,000-13,650,000942-946Cash In Advance
MalaysiaLDPE FilmOffer Given15,000,0001,03930 Days Credit Term
MalaysiaLDPE FilmOffer Received13,700,000-14,150,000949-97730 Days Credit Term
MalaysiaLDPE FilmPurchased13,600,000-14,000,000942-97030 Days Credit Term
MalaysiaLDPE FilmSell Idea15,500,0001,07430 Days Credit Term
SingaporeLDPE FilmOffer Received14,300,000-14,350,000991-99430 Days Credit Term
Southeast AsiaLDPE FilmPurchased13,900,000963Cash In Advance
Southeast AsiaLDPE FilmOffer Given13,900,00096314 Days Credit Term
Southeast AsiaLDPE FilmOffer Given14,600,0001,01230 Days Credit Term
Southeast AsiaLDPE FilmOffer Received14,000,000-14,800,000970-1,02630 Days Credit Term
ThailandLDPE FilmOffer Given13,400,000-14,400,000929-998Cash In Advance
ThailandLDPE FilmPurchased13,900,000-14,000,000963-970Cash In Advance
ThailandLDPE FilmSold13,900,000-14,200,000963-984Cash In Advance
CanadaLLDPE Film C4Offer Received12,700,000-14,1000,000880-97730 Days Credit Term
CanadaLLDPE Film C4Purchased12,700,00088030 Days Credit Term
IndonesiaLLDPE Film C4Offer Given13,300,000-14,700,000922-1,019Cash In Advance
IndonesiaLLDPE Film C4Offer Received12,750,000-14,000,000884-970Cash In Advance
IndonesiaLLDPE Film C4Price List12,760,000-14,900,000884-1,033Cash In Advance
IndonesiaLLDPE Film C4Purchased12,600,000-13,800,000873-956Cash In Advance
IndonesiaLLDPE Film C4Sold12,900,000-14,200,000894-984Cash In Advance
IndonesiaLLDPE Film C4Offer Given13,300,00092214 Days Credit Term
IndonesiaLLDPE Film C4Offer Given13,800,000-15,000,000956-1,03930 Days Credit Term
IndonesiaLLDPE Film C4Offer Received12,700,000-14,150,000880-97730 Days Credit Term
IndonesiaLLDPE Film C4Purchased12,700,000-14,090,000880-97030 Days Credit Term
MalaysiaLLDPE Film C4Offer Received12,940,000-14,200,000897-984Cash In Advance
MalaysiaLLDPE Film C4Purchased13,300,000-14,200,000922-984Cash In Advance
MalaysiaLLDPE Film C4Offer Received13,150,000-14,100,000911-97730 Days Credit Term
MalaysiaLLDPE Film C4Purchased13,400,00092930 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Given13,500,000-14,300,000936-991Cash In Advance
Southeast AsiaLLDPE Film C4Offer Received12,650,000-14,500,000877-1,005Cash In Advance
Southeast AsiaLLDPE Film C4Purchased12,630,000-14,300,000857-991Cash In Advance
Southeast AsiaLLDPE Film C4Offer Given13,300,00092214 Days Credit Term
Southeast AsiaLLDPE Film C4Offer Received13,300,000-14,900,000922-1,03330 Days Credit Term
Southeast AsiaLLDPE Film C4Purchased12,550,000-13,730,000870-94930 Days Credit Term
ThailandLLDPE Film C4Offer Given12,500,000-13,600,000866-942Cash In Advance
ThailandLLDPE Film C4Offer Received12,300,000-13,900,000852-963Cash In Advance
ThailandLLDPE Film C4Sold13,320,000923Cash In Advance
ThailandLLDPE Film C4Offer Received13,400,00092930 Days Credit Term
ThailandLLDPE Film C4Purchased13,400,00092930 Days Credit Term
IndonesiamLLDPE C6Price List14,9900,000-15,730,0001,039-1,090Cash In Advance
Description: *Offer only valid on June 15

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

OriginProductTransaction TypeOffers (USD/ton)
Middle EastHDPE Blow MouldingOffer Received880**
North AmericaHDPE Blow MouldingOffer Received880
Southeast AsiaHDPE Blow MouldingOffer Given800-920
Southeast AsiaHDPE Blow MouldingOffer Received870-880
Southeast AsiaHDPE Blow MouldingPrice List900
Far East AsiaHDPE FilmOffer Received875*
Middle EastHDPE FilmBid Received820-830
Middle EastHDPE FilmBuy Idea790-850
Middle EastHDPE FilmOffer Given770-870
Middle EastHDPE FilmOffer Received740-880
Middle EastHDPE FilmPurchased740-880
Middle EastHDPE FilmSell Idea840-850
Middle EastHDPE FilmSold750-900
North AmericaHDPE FilmPurchased880***
North AmericaHDPE FilmSold900***
Southeast AsiaHDPE FilmBid Given830-840
Southeast AsiaHDPE FilmBid Received800-820
Southeast AsiaHDPE FilmOffer Given800-960
Southeast AsiaHDPE FilmOffer Received820-930
Southeast AsiaHDPE FilmPrice List900
Southeast AsiaHDPE FilmPurchased850-870
Southeast AsiaHDPE FilmSold900
Southeast AsiaHDPE YarnOffer Given800-890
Middle EastLDPE FilmOffer Given840-890
Middle EastLDPE FilmOffer Received860-880
Middle EastLDPE FilmPurchased865
Southeast AsiaLDPE FilmBid Received920
Southeast AsiaLDPE FilmOffer Given900-970
Southeast AsiaLDPE FilmOffer Received900-960
Southeast AsiaLDPE FilmPrice List970
Southeast AsiaLDPE FilmPurchased920
Middle EastLLDPE Film C4Bid Given820-830
Middle EastLLDPE Film C4Bid Received800-820
Middle EastLLDPE Film C4Buy Idea790-800
Middle EastLLDPE Film C4Offer Given770-870
Middle EastLLDPE Film C4Offer Received840**-900**
Middle EastLLDPE Film C4Purchased770-850
Middle EastLLDPE Film C4Sell Idea840-850
Middle EastLLDPE Film C4Sold750-850
North AmericaLLDPE Film C4Bid Received800
North AmericaLLDPE Film C4Buy Idea775-780
North AmericaLLDPE Film C4Offer Given830
North AmericaLLDPE Film C4Offer Received750**-850
North AmericaLLDPE Film C4Purchased800
North AmericaLLDPE Film C4Sold820***-900***
Southeast AsiaLLDPE Film C4Bid Given800
Southeast AsiaLLDPE Film C4Bid Received800-820
Southeast AsiaLLDPE Film C4Offer Given800-930
Southeast AsiaLLDPE Film C4Offer Received780-920
Southeast AsiaLLDPE Film C4Purchased890
Southeast AsiaLLDPE Film C4Sell Idea860-870
Southeast AsiaLLDPE Film C4Sold820*-920
North AmericamLLDPE C6Offer Given1,200***
North AmericamLLDPE C6Offer Received820
North AmericamLLDPE C6Purchased820
Southeast AsiamLLDPE C6Offer Given900-920
Southeast AsiamLLDPE C6Offer Received920-990
Description: *Sold out allocation **Shipment from Singapore ***Shipment from Port Klang, Malaysia

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

Published on July 8, 2020 8:11 PM (GMT+8)
Last Updated on September 10, 2020 9:29 AM (GMT+8)