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DailySSESSMENTS: China PE Price 24th June 2020

Author: SSESSMENTS

- A Chinese trader based in Shanghai informed SSESSMENTS.COM on July shipment offers for PE across all grades from a Middle Eastern producer. On June 24, import offers for HDPE Film and LLDPE Film C4 of Middle East origin surfaced with a notable increase of $100/ton and $50/ton, respectively, as compared to June shipment offers. The trader was notified that the producer attempted to raise their offers significantly due to limited allocation from their end. Despite that, the trader decided to take some volume from the producer since the prices are quite competitive compared to other producers’ offers. In the local market, offers for HDPE Film and LDPE Film were stable from last week’s level and is expected to remain firm onwards. The trader assumed that firm local PE prices as of recent and in the days to come may be supported by the delayed shipment of Iranian cargoes. In terms of demand, the current buying sentiment is weakening following the traditional patterns from the agriculture sector.

- On the other side, a Thai PE producer reported to SSESSMENTS.COM that the company’s offers for HDPE Film had increased between $20-30/ton over the week. Meanwhile, offers for LDPE Film and LLDPE Film C4 from the producer remain absent this week. Although it is rather difficult to conclude deals, the producer managed to sell some volume in the China market.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent42.63August Settlement-0.45
NYMEX40.37August Settlement-0.36
Naphtha363CFR Japan1
Ethylene837-845CFR NEANo Changes
Ethylene787-795CFR SEANo Changes
Propylene782-790CFR ChinaNo Changes
Propylene737-745FOB 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)
LLDPE6,8606,8156,845

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
Central Asia8,000-8,1008,000-8,100
China7,7007,800-8,000

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
Central Asia8,5008,500
China8,2008,200-8,400

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,100-7,2007,100-7,200

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film850-920860
Southeast AsiaHDPE Film930930
Middle EastLDPE Film915-940915
Middle EastLLDPE Film C4800-820800

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

Published on June 24, 2020 2:33 PM (GMT+8)
Last Updated on June 24, 2020 2:34 PM (GMT+8)