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DailySSESSMENTS: China PE Price 30th July 2020

Author: SSESSMENTS

- A Thai PE producer informed SSESSMENTS.COM that the company is offering import HDPE Film cargoes to China market at $960/ton on LC at sight, CIF China Main Port basis, which is stable compared to last week. The producer also commented that the sales are slow since the market is not in a favourable condition.

- In the domestic market, a trader reported to SSESSMENTS.COM that the company’s offers for local LDPE Film and LLDPE Film C4 cargoes were adjusted higher between CNY50-150/ton ($7-21/ton) and CNY50-100/ton ($7-14/ton) respectively compared to Monday’s levels. While for local HDPE Film cargoes, the trader is keeping offers stable as compared to the same period.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent43.75September Settlement0.53
NYMEX41.27September Settlement0.23
Naphtha393CFR JapanNo Changes
Ethylene798-804CFR NEANo Changes
Ethylene712-720CFR SEANo Changes
Propylene818-824CFR ChinaNo Changes
Propylene778-784FOB 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)
LLDPE7,1057,1057,095

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,350-8,5008,350-8,500

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,450-8,8508,500-8,600

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,200-7,4007,250-7,400

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Far East AsiaHDPE Film-950
Southeast AsiaHDPE Film-950-960
Middle EastHDPE Film910-960910-960
Middle EastLDPE Film975-1,000970-1,000
Southeast AsiaLLDPE Film C4890890
Middle EastLLDPE Film C4830-850830-850

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

Published on July 30, 2020 2:45 PM (GMT+8)
Last Updated on October 1, 2020 2:22 PM (GMT+8)