Jul 15, 2025 6:05 a.m.

Southeast Asian producer slashed mPE offers to Indonesia

Southeast Asian producer slashed mPE offers to Indonesia

Title

Available in

Couple of Southeast Asian producers reportedly stepped back on metallocene PE offers to Indonesia this week, players said, by $40/ton compared to last month. Price list for Singaprean mPE stands at $1340/ton CIF Indonesia, LC AS term while Thailand cargoes at $1360/ton with the same term.

Buyers are considering to make replenishment considering the low inventories on hand. At the meantime, the cautious stance remains in place as players are hoping to obtain additional reduction in the near term. A buyer said, “We did not expect such sharp drop, and fresh replenishment is necessary for us. We heard about deep-seas mPE cargoes below the $1300/ton mark in Southeast Asia this week, which migh drag market lower in weeks to come.”