weeklyssessments-indonesia-pe-prices-week-starting-july-13

Indonesia PE Prices Fluctuated As Some Suppliers Revised Offers In Middle Of The Week

Based on the data collected by SSESSMENTS.COM, Indonesia PE prices fluctuated in the week commencing July 13 as some suppliers revised offers in the middle of the week. On Monday and Tuesday, market players reported that local and localized PE offers were on an uptrend. Offers for local and localized HDPE Film and LLDPE Film C4 from Southeast Asia increased between IDR440,000-500,000/ton ($30-34/ton) and by IDR250,000-300,000/ton ($17-20/ton), respectively compared to last week. Meanwhile, offers for localized LDPE Film from Malaysia increased by IDR500,000/ton ($34/ton) compared to the same period. On Wednesday, SSESSMENTS.COM was informed that some traders decided to decrease offers due to slow sales while some maintained stable offers compared to the levels at the beginning of the week. Some traders were reported adjusting down offers for localized LDPE Film of Southeast Asia origin by IDR200,000/ton ($14/ton) while offers for local and localized LLDPE Film C4 went down between IDR100,000-400,000/ton ($7-27/ton) compared to a week ago. On the other hand, on July 15, the leading Indonesian polyolefins producer increased offers for HDPE and LLDPE grades further between IDR70,000-80,000/ton ($4-5/ton) compared to the first price list issued on July 13. Likewise, a local trader also increased offers for local LLDPE Film C4 on the same day by another IDR200,000/ton ($14/ton), hence, the total upward adjustments made by the trader this week was IDR700,000/ton ($48/ton) compared to last week.

From the import market, offers for PE cargoes of Middle East origin increased while for Southeast Asia origin remain stable. Offers via traders for HDPE Film of Middle East origin increased by $15/ton while LDPE Film and LLDPE Film C4 went up by $35/ton. Meanwhile, a Middle Eastern PE producer increased PE offers across all grades between $20-30/ton due to limited allocation. Offers for HDPE Film and LLDPE Film C4 of Thailand origin via a trader remain stable. All on a weekly comparison. For mLLDPE C6, a U.S producer revealed to SSESSMENTS.COM that the company offered the grade at $1,100/ton on LC at sight, CIF Indonesia main port basis as supply was affected by maintenance shutdown at producer’s LLDPE plants in May.

Demand for PE in Indonesia is weak because buyers still make purchases on a need basis. SSESSMENTS.COM was told that most buyers were unkeen to purchase due to the high offer levels and prefer to wait for lower offers. Some buyers also skip procuring HDPE Film due to the regulation to ban the use of single plastic bags. Sales for end-products remain slow. On the supply side, some Middle Eastern suppliers are citing limited allocation. The leading Indonesian polyolefins producer has no allocation for LLDPE Film C4 to the spot market.

Looking ahead, some market players opined to SSESSMENTS.COM that PE prices in Indonesia will remain firm and there are still some chances for further increases. On the other hand, some other players believe that PE prices will move lower as the current levels are already too high coupled with the weak demand. Besides, ethylene prices have dropped.

Local/localized PE offers on FD Indonesia basis, excluding 10% VAT in all terms

Origin	Product	Transaction Type	Currency	Offers/ton	Equivalent in USD/ton	Payment Term
Indonesia	HDPE Blow Moulding	Offer Given	IDR	14,800,000	1,015	30 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Given	IDR	14,200,000	974	14 Days Credit Term
Indonesia	HDPE Blow Moulding	Offer Received	IDR	14,800,000	1,015	Cash In Advance
Indonesia	HDPE Blow Moulding	Price List	IDR	14,680,000-14,800,000	1,006-1,015	Cash In Advance
Singapore	HDPE Blow Moulding	Offer Given	IDR	15,000,000	1,028	30 Days Credit Term
Southeast Asia	HDPE Blow Moulding	Offer Given	IDR	14,200,000	974	14 Days Credit Term
Indonesia	HDPE Film	Offer Given	IDR	14,500,000	994	Cash In Advance
Indonesia	HDPE Film	Offer Given	IDR	14,400,000-14,800,000	987-1,015	30 Days Credit Term
Indonesia	HDPE Film	Offer Given	IDR	14,500,000	994	14 Days Credit Term
Indonesia	HDPE Film	Offer Received	IDR	14,700,000-15,000,000	1,008-1,028	Cash In Advance
Indonesia	HDPE Film	Offer Received	IDR	14,540,000	997	15 Days Credit Term
Indonesia	HDPE Film	Offer Received	IDR	14,200,000-14,800,000	974-1,015	30 Days Credit Term
Indonesia	HDPE Film	Price List	IDR	14,380,000-14,800,000	986-1,015	Cash In Advance
Indonesia	HDPE Film	Purchased	IDR	14,100,000	967	30 Days Credit Term
Indonesia	HDPE Film	Offer Received	USD	1,020	-	Cash In Advance
Malaysia	HDPE Film	Offer Received	IDR	14,400,000-14,500,000	987-994	Cash In Advance
Southeast Asia	HDPE Film	Offer Given	IDR	14,500,000	994	14 Days Credit Term
Southeast Asia	HDPE Film	Offer Received	IDR	14,310,000-14,500,000	981-994	Cash In Advance
Southeast Asia	HDPE Film	Offer Received	IDR	14,900,000	1,022	30 Days Credit Term
Thailand	HDPE Film	Offer Given	IDR	14,700,000-15000,000	1,008-1,028	Cash In Advance
Malaysia	LDPE Film	Offer Given	IDR	15,100,000	1,035	14 Days Credit Term
Malaysia	LDPE Film	Offer Given	IDR	15,500,000-16,000,000	1,063-1,097	30 Days Credit Term
Malaysia	LDPE Film	Offer Received	IDR	14,900,000	1,022	Cash In Advance
Malaysia	LDPE Film	Offer Received	IDR	14,900,000-15,500,000	1,022-1,063	30 Days Credit Term
Southeast Asia	LDPE Film	Offer Received	IDR	14,900,000	1,022	30 Days Credit Term
Southeast Asia	LDPE Film	Purchased	IDR	14,800,000	1,015	30 Days Credit Term
Thailand	LDPE Film	Offer Given	IDR	15,000,000	1,028	Cash In Advance
Thailand	LDPE Film	Sold	IDR	15,000,000	1,028	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	IDR	14,400,000	987	Cash In Advance
Indonesia	LLDPE Film C4	Offer Given	IDR	14,300,000	980	14 Days Credit Term
Indonesia	LLDPE Film C4	Offer Given	IDR	14,400,000-15,500,000	987-1,063	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	IDR	14,100,000-14,800,000	967-1,015	Cash In Advance
Indonesia	LLDPE Film C4	Offer Received	IDR	14,200,000-15,100,000	974-1,035	30 Days Credit Term
Indonesia	LLDPE Film C4	Price List	IDR	14,470,000-15,000,000	992-1,028	Cash In Advance
Indonesia	LLDPE Film C4	Purchased	IDR	14,050,000	963	30 Days Credit Term
Indonesia	LLDPE Film C4	Offer Received	USD	1,020	-	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	IDR	14,300,000	980	Cash In Advance
Malaysia	LLDPE Film C4	Offer Received	IDR	14,900,000-15,000,000	1,022-1,028	30 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Given	IDR	14,300,000	980	14 Days Credit Term
Southeast Asia	LLDPE Film C4	Offer Received	IDR	14,090,000-14,500,000	966-994	Cash In Advance
Southeast Asia	LLDPE Film C4	Offer Received	IDR	15,100,000-15,700,000	1,035-1,076	30 Days Credit Term
Thailand	LLDPE Film C4	Offer Given	IDR	14,600,000-15,000,000	1,001-1,028	Cash In Advance
Thailand	LLDPE Film C4	Offer Received	IDR	14,600,000	1,001	Cash In Advance
Indonesia	mLLDPE C6	Price List	IDR	16,230,000	1,113	Cash In Advance

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

Origin	Product	Transaction Type	Offers (USD/ton)
Middle East	HDPE Blow Moulding	Offer Received	940
Middle East	HDPE Film	Buy Idea	880-930
Middle East	HDPE Film	Offer Given	945*-950
Middle East	HDPE Film	Offer Received	950
North America	HDPE Film	Offer Received	920**
Southeast Asia	HDPE Film	Offer Given	960
Southeast Asia	HDPE Film	Offer Received	960-970
Middle East	HDPE Pipe Black (100)	Offer Received	970-1,030***
Middle East	LDPE Film	Offer Given	965*-970
Middle East	LDPE Film	Offer Received	970
Middle East	LLDPE Film C4	Buy Idea	900
Middle East	LLDPE Film C4	Offer Given	900*
Middle East	LLDPE Film C4	Offer Received	900-920
Middle East	LLDPE Film C4	Bid Received	860
Southeast Asia	LLDPE Film C4	Offer Given	930
Middle East	mLLDPE C6	Purchased	970
North America	mLLDPE C6	Offer Given	1,100

Description: *August shipment **Shipment from Malaysia ***Shipment from Singapore

WeeklySSESSMENTS: Indonesia PE Prices Week Starting July 13

Author: SSESSMENTS

WeeklySSESSMENTS: Indonesia PE Prices Week Starting July 13

Author: SSESSMENTS

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