- A South Korean producer informed SSESSMENTS.COM that the producer’s offers for PP Homo Raffia to China market remain stable from last week, yet there is no deal concluded so far. Further added, market talks have it that PP Homo Raffia cargoes from another South Korean producer sold at $720/ton on LC at sight, CIF China Main Port basis, or $80/ton lower than the initial offer level.
- A local trader reported to SSESSMENTS.COM that the company’s offers for local PP Homo Raffia cargoes were adjusted down by CNY200/ton ($28/ton) from last Friday’s level. The trader added that the price difference between coal-based and oil-based PP Homo Raffia has been narrowed since the crude oil prices collapsed.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 24.93 | May Settlement | -1.41 |
| NYMEX | 21.51 | May Settlement | -1.09 |
| Naphtha | 291 | CFR Japan | -1 |
| Ethylene | 537-545 | CFR NEA | -10 |
| Ethylene | 522-530 | CFR SEA | -4 to -6 |
| Propylene | 647-655 | CFR China | -44 to -46 |
| Propylene | 627-635 | FOB Korea | -39 to -41 |
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 | 5,658 | 5,972 | 5,727 |
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 | 6,400-6,800 | 6,100-6,400 |
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 |
