- Market sources in China contacted by SSESSMENTS.COM stated that the latest offers from one of the local traders have decreased by CNY100/ton ($14/ton) for LDPE Film and CNY150/ton (21/ton) for LLDPE Film C4, following the softer futures prices. Meanwhile, the trader’s offers for local HDPE Film remain stable. All compared to Tuesday's levels. On the supply front, the sources revealed that the inventory level of the two leading Chinese polyolefins producers accumulated to 725,000 tons as of Thursday morning, increased by 5,000 tons from a day earlier.
- On July 16, a trader based in Shanghai informed SSESSMENTS.COM that their offers for local LLDPE Film C4 cargoes decreased by CNY100/ton ($14/ton). Likewise, the trader also lowered the offers for localized Iranian and Middle Eastern HDPE Film cargoes between CNY50-100/ton ($7-14/ton). Both are on a daily comparison. The trader further added that the decrement was made following the drop in futures market prices. Demand-wise, sales for PE resins remain slow as most converters keep procuring on a hand-to-mouth basis.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.79 | September Settlement | 0.89 |
| NYMEX | 41.2 | August Settlement | 0.91 |
| Naphtha | 391 | CFR Japan | 5 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 712-720 | CFR SEA | 10 |
| Propylene | 822-830 | CFR China | No Changes |
| Propylene | 778-784 | FOB Korea | No Changes |
Futures Price on Dalian Commodity Exchange (DCE)
| Dalian Futures September 2020 | Today’s Open (CNY/ton) | Previous Trading Day’s Settlement (CNY/ton) | Today’s Settlement (CNY/ton) |
|---|
| LLDPE | 7,250 | 7,260 | 7,185 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| Central Asia | 8,900-9,000 | 8,900-9,200 |
| China | 8,400 | 8,400 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| Central Asia | 9,100-9,200 | 9,100-9,200 |
| China | 9,000-9,150 | 8,850-9,100 |
| Middle East | - | 9,200 |
LLDPE Film C4, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,450-7,600 | 7,300-7,450 |
Import on LC at sight, CIF China main port basis
| Origin | Product | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Far East Asia | HDPE Film | 970 | 970 |
| Middle East | HDPE Film | 920-950 | 920-950 |
| Southeast Asia | HDPE Film | 970-980 | 970-980 |
| Middle East | LDPE Film | 960-980 | 960-980 |
| Middle East | LLDPE Film C4 | 830-850 | 830-880 |
| Southeast Asia | LLDPE Film C4 | 920 | 920 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on July 16, 2020 2:48 PM (GMT+8)
Last Updated on July 16, 2020 2:50 PM (GMT+8)
