- In the import market, a Chinese trader informed SSESSMENTS.COM on receiving fresh August shipment offers from a Middle Eastern polyolefins producer. For PE, the producer is offering at $950/ton for HDPE Film and at $850/ton for LLDPE Film C4, both available on LC at sight, CIF China Main Port basis. The current prices are surely higher than July shipment offers but the trader could not remember the exact changes.
- On the supply front, Chinese market sources reported to SSESSMENTS.COM that as of Thursday morning (July 23), the inventory level of the two leading Chinese polyolefins producers recorded at 715,000 tons, a reduction of 15,000 tons from a day earlier.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 44.29 | September Settlement | -0.03 |
| NYMEX | 41.9 | September Settlement | -0.02 |
| Naphtha | 393 | CFR Japan | 1 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 712-720 | CFR SEA | No Changes |
| Propylene | 823-829 | CFR China | No Changes |
| Propylene | 783-789 | 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 | 6,995 | 7,070 | 6,980 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,300-8,500 | 8,300-8,400 |
| Middle East | 8,800-9,000 | 8,800-9,000 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,550-8,850 | 8,400-8,500 |
| Middle East | 8,900-9,100 | 8,900-9,100 |
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 | 7,200-7,600 | 7,100-7,350 |
| Middle East | 7,600 | 7,600 |
Import on LC at sight, CIF/CFR China main port basis
| Origin | Product | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Far East Asia | HDPE Film | 970 | 920-970 |
| Middle East | HDPE Film | 920 | 920 |
| Southeast Asia | HDPE Film | 960 | 960 |
| Middle East | LDPE Film | 990 | 990 |
| Middle East | LLDPE Film C4 | 840-860 | 840-860 |
| Southeast Asia | LLDPE Film C4 | 880-885 | 880-885 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on July 23, 2020 2:41 PM (GMT+8)
Last Updated on July 23, 2020 5:23 PM (GMT+8)
