- As stated to SSESSMENTS.COM, some traders are attempting to adjust up offers for local and localized cargoes following the uptrend in the futures market. As of Monday, April 27, one of the local traders initiated a price increase for localized HDPE Film and LDPE Film of the Middle East and Southeast Asia origin. The trader increased offers for both grades between CNY50-100/ton ($7-14/ton) as compared to Sunday’s level (April 26). The trader added that on Sunday, the market was also on an upward trend, both local and localized prices increased between CNY50-100/ton ($7-14/ton) from last Friday, April 24. The trader acknowledged that some converters have started replenishing stocks for Labor holiday production, although only in a small quantity, on the back of slow demand from end-users. For the outlook, the trader believes that the uptrend in prices will be short-lived without strong demand to support.
- On the supply side, market sources in China provided details to SSESSMENTS.COM on the latest updates of inventory level at the two leading Chinese polyolefins producers. As of Monday morning, the inventory level at both producers recorded at 800,000 tons, a reduction of 300,000 tons as compared to Sunday’s level.
Click below to view related stories and content on China PE:
DailySSESSMENTS: SEA PE Price 24th April 2020
DailySSESSMENTS: China PE Price 24th April 2020
DailySSESSMENTS: SEA PE Price 27th April 2020
WeeklySSESSMENTS: China PE Prices W/C April 20
WeeklySSESSMENTS: SEA PE Prices W/C April 20
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 21.44 | June Settlement | 0.11 |
| NYMEX | 16.94 | June Settlement | 0.44 |
| Naphtha | 195 | CFR Japan | -3 |
| Ethylene | 352-360 | CFR NEA | 24 to 26 |
| Ethylene | 328-334 | CFR SEA | No Changes |
| Propylene | 662-670 | CFR China | 9 to 11 |
| Propylene | 612-620 | FOB Korea | 9 to 11 |
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 | 6,085 | 6,090 | 6,200 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,100 | 7,200 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 6,800-7,100 | 7,000-7,450 |
| Middle East | - | 7,400 |
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 | 6,300-6,550 | 6,400-6,650 |
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 | 700-740 | 700-740 |
| Southeast Asia | HDPE Film | 780 | 810 |
| Middle East | LDPE Film | 760 | 760 |
| Middle East | LLDPE Film C4 | 720-790 | 720-790 |
| Southeast Asia | LLDPE Film C4 | 730-740 | 730-740 |
Tags: Asia Pacific,China,Daily,English,Freemium,NEA,PE
Published on April 27, 2020 2:56 PM (GMT+8)
Last Updated on October 1, 2020 5:11 PM (GMT+8)
