- A trader informed SSESSMENTS.COM that market players are still worried PE supply will be affected due to the delay of Iranian cargoes which add around 200,000-300,000 tons of PE supply in China on monthly basis. In terms of pricing, according to the trader, on Thursday morning, July 9, all PE grades, especially HDPE Film and LDPE Film increased between CNY100-300/ton ($14-43/ton) on daily comparison. As compared to Monday, July 6, local PE prices moved up between CNY300-800/ton ($43-114/ton). However, due to the drop in the futures market prices on July 9, spot PE prices decreased by CNY50-100/ton ($7-14/ton). For import, Philippines HDPE Film and US LLDPE Film C4 cargoes from another trader are available at $960/ton and $940/ton, respectively on LC 90 days, CIF China Main Port basis.
- On the other hand, a Singaporean PE producer mentioned that the company has closed orders for July shipment offers for mLLDPE C6 to China. As such, currently, the producer is focused on the shipment and documentation of the orders. As for August shipment, the producer plans to announce the offers at the end of July, around the same time as other foreign producers, as stated to SSESSMENTS.COM.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.29 | September Settlement | 0.21 |
| NYMEX | 40.90 | August Settlement | 0.28 |
| Naphtha | 395 | CFR Japan | No Changes |
| Ethylene | 798-804 | CFR NEA | -39 to -41 |
| Ethylene | 748-754 | CFR SEA | -19 to -21 |
| Propylene | 812-820 | CFR China | No Changes |
| Propylene | 762-770 | 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 | 7,315 | 7,380 | 7,300 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,200-8,400 | 8,550 |
| Middle East | 8,300-8,350 | 8,300-8,350 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,850-9,150 | 9,000-9,400 |
| Middle East | 8,600-8,700 | 8,600-8,700 |
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 | 7,400-7,600 | 7,500-7,700 |
| Middle East | 7,300-7,400 | 7,300-7,400 |
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 | 900-920 | 900-920 |
| Southeast Asia | HDPE Film | 1,010-1,015 | 1,010-1,015 |
| Middle East | LDPE Film | 910-960 | 910-960 |
| Middle East | LLDPE Film C4 | 820-840 | 880 |
| Southeast Asia | LLDPE Film C4 | 910 | 910 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on July 9, 2020 2:47 PM (GMT+8)
Last Updated on July 9, 2020 2:47 PM (GMT+8)
