- A Thai PE producer revealed to SSESSMENTS.COM the latest offers for HDPE Film and LLDPE Film C4 to the China market. For HDPE Film, the offers are available at $870/ton, no price comparison since the producer did not have offers for the grade last week. For LLDPE Film C4, the offers lowered by $5/ton from last week, currently at $845/ton. All offers are on LC at sight, CIF China Main Port basis. Further added, the allocation for both grades is limited.
- Market sources in China informed SSESSMENTS.COM that the inventory of the two leading Chinese polyolefins producers recorded at 1.26 million tons as of Tuesday morning, a decrease of 20,000 tons compared to Monday’s level. In terms of prices, local offers for HDPE Film, LDPE Film, and LLDPE Film C4 via a trader maintained stable compared to Monday’s level.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 27.03 | May Settlement | 0.05 |
| NYMEX | 23.36 | May Settlement | 0.73 |
| Naphtha | 284 | CFR Japan | -8 |
| Ethylene | 547-555 | CFR NEA | -39 to -41 |
| Ethylene | 528-534 | CFR SEA | No Changes |
| Propylene | 703-709 | CFR China | No Changes |
| Propylene | 693-699 | FOB Korea | No Changes |
Futures Price on Dalian Commodity Exchange (DCE)
| Dalian Futures May 2020 | Today’s Open (CNY/ton) | Previous Trading Day’s Settlement (CNY/ton) | Today’s Settlement (CNY/ton) |
|---|
| LLDPE | 6,330 | 6,250 | 6,195 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,050-7,250 | 7,100-7,250 |
| Middle East | 7,000-7,400 | 7,000-7,400 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,450-8,000 | 7,350-8,000 |
| Middle East | 7,350-7,800 | 7,350-7,800 |
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 | 6,450-6,700 | 6,450-6,700 |
| Middle East | 6,600-6,950 | 6,600-6,950 |
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 | 840-850 | 840-850 |
| Southeast Asia | HDPE Film | - | 870 |
| Middle East | LDPE Film | 870-885 | 870-885 |
| Middle East | LLDPE Film C4 | 820-830 | 820-830 |
| Southeast Asia | LLDPE Film C4 | - | 845 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on March 24, 2020 3:08 PM (GMT+8)
Last Updated on March 24, 2020 6:11 PM (GMT+8)
