- A trader based in China reported to SSESSMENTS.COM on the latest offers for PP Homo Raffia cargoes to the domestic market. From the trader’s end, the offers for particular grades were raised by CNY100/ton ($14/ton) as compared to last Friday’s level.
- While for the import market, a South Korean producer informed SSESSMENTS.COM that June shipment offers from the company’s end for PP Homo Raffia remain stable from last week’s level, currently at $860/ton on LC at sight, CIF China Main Port basis. Pertaining to the sales, the producer revealed that all of their allocations for this month’s shipment has almost sold out but the prices are confidential. More added, market confidence is improving lately as supported by the firm local prices.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 35.53 | July Settlement | 0.4 |
| NYMEX | - | June Settlement | No Settlement* |
| Naphtha | - | CFR Japan | No Settlement* |
| Ethylene | 672-680 | CFR NEA | No Changes |
| Ethylene | 612-620 | CFR SEA | No Changes |
| Propylene | 792-800 | CFR China | No Changes |
| Propylene | 747-755 | FOB Korea | No Changes |
Description: *No settlement due to Memorial Day
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 | 7,155 | 7,123 | 7,135 |
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 | 7,800-8,000 | 7,800-8,000 |
Import PP Homo Raffia on LC at sight, CIF/CFR China main port basis
| Origin | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Far East Asia | - | 860 |
| Middle East | 890 | 890 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on May 26, 2020 2:58 PM (GMT+8)
Last Updated on May 26, 2020 2:58 PM (GMT+8)
