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DailySSESSMENTS: China PE Price 14th May 2020

Author: SSESSMENTS

- As Eid Al-Fitr holiday is just around the corner, most Middle Eastern suppliers announced June shipment offers to the China market earlier than normal schedule. As compared to May shipment, a Qatari producer initiated a price increase of $20/ton for HDPE Film and $5/ton for LDPE Film grades, while offers for LLDPE Film C4 were adjusted up by $25/ton. Supply shortage was cited as a factor pushing the trader to increase their June shipment offers. Despite the price increase, the producer received a good response from Chinese customers as offers are deemed attractive than most import offers. Likewise, a Saudi producer has also announced June shipment offers with no price comparison. For HDPE Film, the producer is offering the materials to the market at $735/ton on LC at sight, CIF China Main Port basis. As for LDPE Film, the offers are available at $820/ton with the same payment and delivery terms, however, the producer is having no allocations for June shipment.

- On the supply side, market sources in China revealed to SSESSMENTS.COM on the latest update of inventory level at the two leading Chinese polyolefins producers. As of Thursday morning, the inventory level of polyolefins at both producers stood at 880,000 tons, a reduction of 40,000 tons compared to Wednesday’s level.



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WeeklySSESSMENTS: China PE Prices Week Starting May 4

WeeklySSESSMENTS: SEA PE Prices Week Starting May 4

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent29.19July Settlement-0.79
NYMEX25.29June Settlement-0.49
Naphtha226CFR Japan-11
Ethylene568-574CFR NEA64 to 66
Ethylene468-474CFR SEA9 to 11
Propylene748-754CFR China5
Propylene703-709FOB Korea5

Futures Price on Dalian Commodity Exchange (DCE)

Dalian Futures September 2020Today’s Open (CNY/ton)Previous Trading Day’s Settlement (CNY/ton)Today’s Settlement (CNY/ton)
LLDPE6,2956,2606,275

HDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,6007,300-7,600
Central Asia7,2007,200
Middle East7,5007,500

LDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,000-7,4007,000-7,400
Central Asia7,0007,000
Middle East7,8007,800

LLDPE Film C4, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,400-6,5006,400-6,600
Central Asia6,400-6,5006,400-6,500
Middle East6,8206,820

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film820735-760
Southeast AsiaHDPE Film810-820810
Middle EastLDPE Film820-860820-825
Middle EastLLDPE Film C4780780
Southeast AsiaLLDPE Film C4790-800790

Tags: Asia Pacific,China,Daily,English,NEA,PE

Published on May 14, 2020 3:00 PM (GMT+8)
Last Updated on May 14, 2020 3:05 PM (GMT+8)