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DailySSESSMENTS: China PE Price 18th June 2020

Author: SSESSMENTS

- A Shanghai-based trader reported to SSESSMENTS.COM that on June 18, local and localized PE offers from the trader increased by CNY50-100/ton ($7-14/ton) from a day earlier following the uptrend in the futures market coupled with low inventory level in the domestic market. The trader opined that domestic PE prices will increase in the upcoming week when most July shipment offers from foreign suppliers started to come out. However, buying sentiment coming to July and August would not be positive since July-August is the traditional low season for PE in China.

- In the import market, a trader informed SSESSMENTS.COM that the company did not receive many fresh import PE offers. Fresh PE offers from a Russian producer will be out by next week as the company has restarted PE production this week. While from the trader’s end, Middle Eastern and US HDPE Film offers are available between $840-850/ton and $820/ton, respectively on LC at sight, CIF China Main Port basis. The trader added that import PE prices will mostly out on Monday or Tuesday as June 25 to June 28 are China’s public holiday.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent40.71August Settlement-0.25
NYMEX37.96July Settlement-0.42
Naphtha352CFR Japan-1
Ethylene837-845CFR NEANo Changes
Ethylene787-795CFR SEANo Changes
Propylene772-780CFR China4 to 6
Propylene728-734FOB KoreaNo Changes

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)
LLDPE6,8256,8256,860

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
Central Asia8,1008,200
China7,6007,600-8,050

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
Central Asia8,0008,000
China7,850-8,0007,900-8,200

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,750-7,0506,850-7,100
Middle East7,1207,120

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film870840-850
Southeast AsiaHDPE Film900900
Middle EastLDPE Film885-910885-910
Middle EastLLDPE Film C4810810

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

Published on June 18, 2020 3:03 PM (GMT+8)
Last Updated on June 18, 2020 3:34 PM (GMT+8)