- As stated to SSESSMENTS.COM, a local producer in China has adjusted its local offers for PP Homo Raffia cargoes for this week as some factors provide support. Compared to a week earlier, local offers for PP Homo Raffia from the producer slightly increased between CNY25-50/ton ($3.5-7/ton) on the back of limited supply and steady demand for this grade.
- On the supply front, market sources in China shared with SSESSMENTS.COM on the latest updates of the inventory level of the two leading polyolefins producers in the country. As of Monday, June 22, the inventory level of polyolefins at both producers recorded an increase of 80,000 from last Friday’s level, stood at 755,000 tons.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.19 | August Settlement | 0.68 |
| NYMEX | 39.75 | July Settlement | 0.91 |
| Naphtha | 360 | CFR Japan | 3 |
| Ethylene | 837-845 | CFR NEA | No Changes |
| Ethylene | 787-795 | CFR SEA | No Changes |
| Propylene | 782-790 | CFR China | 4 to 6 |
| Propylene | 737-745 | FOB Korea | 4 to 6 |
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) |
|---|
| PP Raffia | 7,488 | 7,462 | 7,460 |
PP Homo Raffia, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,900-8,150 | 8,075-8,150 |
Import PP Homo Raffia on LC at sight, CIF China main port basis
| Origin | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Middle East | 930 | 930 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on June 22, 2020 2:37 PM (GMT+8)
Last Updated on June 22, 2020 2:37 PM (GMT+8)
