Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

DailySSESSMENTS: China PE Price 23rd July 2020

Author: SSESSMENTS

- 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.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent44.29September Settlement-0.03
NYMEX41.9September Settlement-0.02
Naphtha393CFR Japan1
Ethylene798-804CFR NEANo Changes
Ethylene712-720CFR SEANo Changes
Propylene823-829CFR ChinaNo Changes
Propylene783-789FOB 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)
LLDPE6,9957,0706,980

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,300-8,5008,300-8,400
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)
China8,550-8,8508,400-8,500
Middle East8,900-9,1008,900-9,100

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,200-7,6007,100-7,350
Middle East7,6007,600

Import on LC at sight, CIF/CFR China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Far East AsiaHDPE Film970920-970
Middle EastHDPE Film920920
Southeast AsiaHDPE Film960960
Middle EastLDPE Film990990
Middle EastLLDPE Film C4840-860840-860
Southeast AsiaLLDPE Film C4880-885880-885

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)