- A Chinese trader contacted by SSESSMENTS.COM’s team informed that the company managed to sell localized Iranian HDPE Film cargoes at CNY100/ton ($14/ton) higher than last week. The trader is planning to make a further upward price adjustment between CNY50-100/ton ($7-14/ton) from yesterday’s level on the back of the increases in PE prices in the futures market. In the import market, the source revealed that offers for HDPE Film and LLDPE Film C4 of US origin increased between $20-30/ton from last week’s level.
- On the other side, a global trading house revealed to SSESSMENTS.COM regarding the buying appetite in China market. According to the source, most buyers are still in a holiday mood. As such, trading activity is not that active so far. Nearing the weekend, the trader predicts that the transactions in the PE market will remain limited. Besides, demand for the end products remains sluggish at the moment. In the import market, the global trading house has managed to sell Saudi HDPE Film cargoes at the initial offer level, at $770/ton on LC at sight, CIF China main port basis. This level is higher by $30/ton from last week’s offers.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.72 | July Settlement | -1.25 |
| NYMEX | 23.99 | June Settlement | -0.57 |
| Naphtha | 236 | CFR Japan | -13 |
| Ethylene | 412-420 | CFR NEA | 39 to 41 |
| Ethylene | 397-405 | CFR SEA | 30 |
| Propylene | 697-705 | CFR China | 15 |
| Propylene | 647-655 | FOB Korea | 15 |
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 | 6,400 | 6,370 | 6,450 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,150-7,250 | 7,500 |
| Central Asia | - | 7,200-7,300 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,100-7,300 | 7,200-7,600 |
| Middle East | - | 7,350-7,450 |
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 | 6,450-6,550 | 6,650-6,700 |
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 | 730-750 | 770 |
| Southeast Asia | HDPE Film | 810 | 810 |
| Middle East | LDPE Film | 760 | 760 |
| Middle East | LLDPE Film C4 | 720-790 | 720-790 |
| Southeast Asia | LLDPE Film C4 | 790 | 790 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on May 7, 2020 2:59 PM (GMT+8)
Last Updated on May 8, 2020 9:46 AM (GMT+8)
