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DailySSESSMENTS: China PP Price 16th April 2020


- A global trading house informed SSESSMENTS.COM that the company prefers the wait-and-see stance at the moment following the significant decreases captured in China domestic market. The trader added that buying sentiment is currently weak, and there is a possibility that PP prices will continue to decrease.

- A trader reported to SSESSMENTS.COM that the trader’s offers for local PP Homo Raffia cargoes have been adjusted down by CNY500/ton ($71/ton) from Wednesday’s level. The trader added that converters are showing resistance towards the high-end of the price range citing a thin profit margin. Although previously local PP prices increased significantly, the prices would eventually be moving down onward as there is no strong demand to support. However, the trader opined that the decline in prices would be limited, considering that it is close to delivery month for May 2020 PP contract while the availability of spot PP Homo Raffia is limited as most producers switched production to PP Fiber.

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DailySSESSMENTS: SEA PP Price 15th April 2020

DailySSESSMENTS: China PP Price 15th April 2020

DailySSESSMENTS: SEA PP Price 16th April 2020

WeeklySSESSMENTS: SEA PP Prices W/C April 13 

WeeklySSESSMENTS: China PP Prices W/C April 13

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent27.69June Settlement-1.91
NYMEX19.87May Settlement-0.24
Naphtha189CFR Japan2
Ethylene428-434CFR NEA-10
Ethylene383-389CFR SEANo Changes
Propylene688-694CFR China-54 to -56
Propylene692-700FOB 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)
PP Raffia6,6636,7376,715

PP Homo Raffia, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)

Import PP Homo Raffia on LC at sight, CIF China main port basis

OriginPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle East810-830810-830

Tags: Asia Pacific,China,Daily,English,NEA,PP

Published on April 16, 2020 3:43 PM (GMT+8)
Last Updated on April 20, 2020 4:35 PM (GMT+8)