- A trader based in China reported to SSESSMENTS.COM on adjusting local offers for HDPE Film, LDPE Film, and LLDPE Film C4. In comparison to last Friday’s level, the offers for HDPE Film lowered by CNY300/ton ($28/ton). While for LDPE Film and LLDPE Film C4, the offers were adjusted down by CNY200/ton ($42/ton) as compared to the same period.
- On the supply side, Chinese market players contacted by SSESSMENTS.COM informed that as of Monday, April 20, the inventory level of the two leading Chinese polyolefins producers stood at 980,000 tons. As compared to last Friday’s level, the inventory level increased by 80,000 tons.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 28.08 | June Settlement | 0.26 |
| NYMEX | 18.27 | May Settlement | -1.60 |
| Naphtha | 198 | CFR Japan | 5 |
| Ethylene | 393-399 | CFR NEA | -4 to -6 |
| Ethylene | 347-355 | CFR SEA | No Changes |
| Propylene | 668-674 | CFR China | -9 to -11 |
| Propylene | 618-624 | FOB Korea | -9 to -11 |
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 | 6,105 | 6,240 | 6,080 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,800-8,000 | 7,600 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,000-8,200 | 7,500-7,900 |
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 | 7,100-7,400 | 6,500-6,700 |
| Middle East | - | 7,000 |
Import on LC at sight, CIF China main port basis
| Origin | Product | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Middle East | HDPE Film | 780 | 780 |
| Southeast Asia | HDPE Film | 930 | 810 |
| Middle East | LDPE Film | 780-820 | 780-820 |
| Middle East | LLDPE Film C4 | 750-780 | 750-780 |
| Southeast Asia | LLDPE Film C4 | 790 | 790 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on April 20, 2020 3:05 PM (GMT+8)
Last Updated on April 22, 2020 3:33 PM (GMT+8)
