- A Thai PE producer informed SSESSMENTS.COM that the producer has announced export PE offers to the China market for late July or early August shipment on June 3. The fresh offers surfaced with increases of $40/ton for HDPE Film and $35/ton for LLDPE Film C4, while offers for LDPE Film remain absent. The producer claimed that the upswing in crude oil prices and the uptrend in China’s PE market has pushed the producer to make an upward price adjustment. Further added, the source revealed facing difficulties to conclude deals now. Added to that, July and August are the traditional low season for PE in China.
- In the local market, a Chinese trader reported to adjust up the offers as of June 3. Compared to the trader’s price list on Tuesday, June 2, SSESSMENTS.COM noted that offers for LDPE Film increased between CNY100-350/ton ($14-49/ton) and between CNY50-150/ton ($7-21/ton) for LLDPE Film C4.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 39.57 | August Settlement | 1.25 |
| NYMEX | 36.81 | July Settlement | 1.37 |
| Naphtha | 337 | CFR Japan | 14 |
| Ethylene | 708-714 | CFR NEA | No Changes |
| Ethylene | 677-685 | CFR SEA | No Changes |
| Propylene | 758-764 | CFR China | No Changes |
| Propylene | 717-725 | FOB Korea | No Changes |
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 | 6,695 | 6,700 | 6,710 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,500 | 7,500 |
| Middle East | 7,500 | 7,500 |
| Southeast Asia | 7,800-7,850 | 7,800-7,850 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,450-7,800 | 7,800-8,000 |
| Middle East | 7,800-7,900 | 7,800-7,900 |
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 | 6,800-6,850 | 6,900-7,000 |
| Middle East | 7,200 | 7,200 |
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 | 790-810 | 790-810 |
| Southeast Asia | HDPE Film | - | 860 |
| Middle East | LDPE Film | 820-840 | 855 |
| Middle East | LLDPE Film C4 | 740-750 | 740-770 |
| Southeast Asia | LLDPE Film C4 | - | 835 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on June 3, 2020 2:47 PM (GMT+8)
Last Updated on June 3, 2020 8:38 PM (GMT+8)
