- A Malaysian producer informed SSESSMENTS.COM that April shipment offers for PP Homo Raffia to China market available at $940/ton on LC at sight, CIF China Main Port basis. While from the producer’s sister company in South Korea, the April shipment offers have not been announced yet. Further added, the current offers are deemed too high and buyers are showing no interest towards the cargoes.
- Whereas in the domestic market, a trader decided to reduce the offers for PP Homo Raffia, SSESSMENTS.COM was told. Compared to a day earlier, the trader’s offers for local PP Homo Raffia cargoes decreased by CNY100/ton ($14/ton).
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 27.15 | May Settlement | 0.12 |
| NYMEX | 24.01 | May Settlement | 0.65 |
| Naphtha | 287 | CFR Japan | 3 |
| Ethylene | 547-555 | CFR NEA | No Changes |
| Ethylene | 528-534 | CFR SEA | No Changes |
| Propylene | 693-699 | CFR China | -10 |
| Propylene | 673-679 | FOB Korea | -20 |
Futures Price on Dalian Commodity Exchange (DCE)
| Dalian Futures May 2020 | Today’s Open (CNY/ton) | Previous Trading Day’s Settlement (CNY/ton) | Today’s Settlement (CNY/ton) |
|---|
| PP Raffia | 6,43 | 6,364 | 6,372 |
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 | 6,550-7,000 | 6,550-6,900 |
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 | 840-880 | 840-880 |
