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DailySSESSMENTS: China PE Price 19th June 2020

Author: SSESSMENTS

- A trader reported to SSESSMENTS.COM that the company decided to adjust the offers for local LLDPE Film C4 cargoes. Compared to Thursday’s level, local offers for LLDPE Film C4 from their end were increased by CNY50/ton ($7/ton). While for local HDPE Film and LDPE Film cargoes, the offers were kept stable compared to the same period. 

- Market sources informed SSESSMENTS.COM that the inventory of the two leading Chinese polyolefins producers recorded at 675,000 tons as of Friday morning, decreased by 20,000 tons from Thursday’s level. When compared to Monday, the inventory decreased by 145,000 tons.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent41.51August Settlement0.80
NYMEX38.84July Settlement0.88
Naphtha357CFR Japan5
Ethylene837-845CFR NEANo Changes
Ethylene787-795CFR SEANo Changes
Propylene778-784CFR China4 to 6
Propylene733-739FOB 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)
LLDPE6,8506,8606,820

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
Central Asia8,2008,200
China7,600-8,0507,600-8,050
Middle East-6,900-7,100

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
China7,900-8,2007,900-8,200
Middle East-8,300

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,850-7,1007,000-7,100
Middle East7,1207,100-7,300

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film840-850840-850
Southeast AsiaHDPE Film900900
Middle EastLDPE Film885-910885-910
Middle EastLLDPE Film C4810810

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

Published on June 19, 2020 2:44 PM (GMT+8)
Last Updated on June 19, 2020 3:26 PM (GMT+8)