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DailySSESSMENTS: China PE Price 21st July 2020

Author: SSESSMENTS

- A trader in China informed SSESSMENTS.COM that offers from the company for local HDPE Film and LLDPE Film C4 were relatively stable compared to last Friday. On the other hand, offers for local LDPE Film decreased between CNY200-300/ton ($29-43/ton) compared to the same period. The trader’s offers for the grade stand at CNY8,550/ton ($1,223/ton) on cash, EXW China basis and including 13% VAT.

- In the futures market, SSESSMENTS.COM noted that September 2020 LLDPE futures on the Dalian Commodity Exchange decreased by CNY30/ton ($4/ton) as observed at 2.33 PM (GMT+8), opened at CNY7,080/ton ($1,013/ton) by morning trading session.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent43.28September Settlement0.14
NYMEX40.81August Settlement0.22
Naphtha387CFR Japan3
Ethylene798-804CFR NEANo Changes
Ethylene712-720CFR SEANo Changes
Propylene823-829CFR China5
Propylene783-789FOB Korea5

Futures Price on Dalian Commodity Exchange (DCE)

Dalian FuturesSeptember 2020Today’s Open (CNY/ton)Previous Trading Day’s Settlement (CNY/ton)Today’s Settlement (CNY/ton)
LLDPE7,0807,0857,085

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,400-8,6008,400
Middle East8,800-9,0008,800-9,000

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,750-8,8508,550
Middle East9,000-9,2008,900-9,100

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,200-7,3507,200-7,300
Middle East7,5007,600

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film950-980950-980
Southeast AsiaHDPE Film-980
Middle EastLDPE Film960-990960-990
Middle EastLLDPE Film C4840-860840-860
Southeast AsiaLLDPE Film C4-900

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

Published on July 21, 2020 2:53 PM (GMT+8)
Last Updated on July 21, 2020 2:53 PM (GMT+8)