- A converter in Indonesia informed SSESSMENTS.COM that demand for the end-products remains slow, especially from the export market. For raw materials, the converter received offers for LLDPE Film C4 of US origin from two global trading houses at the same level at $860/ton on LC 90 days, CIF Indonesia main port basis. According to the trader, the offers increased by $50/ton compared to last week. The converter is still considering whether to purchase the materials or not. Converter’s buy idea is at $10/ton lower than the offer received.
- A Thai trader revealed to SSESSMENTS.COM that local HDPE Film and LLDPE Film C4 offers from the company are unchanged from last week since demand is weak. Most buyers are having sufficient inventory at the moment. The trader’s offers for the former stand at THB30,500/ton ($976/ton) while for the latter are between THB30,500-31,000/ton ($976-992/ton) on cash, FD Thailand basis and excluding 7% VAT. The trader predicts that it will take around two weeks until buyers make fresh purchases.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.35 | September Settlement | -0.94 |
| NYMEX | 39.62 | August Settlement | -1.28 |
| Naphtha | 389 | CFR Japan | -6 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 748-754 | CFR SEA | No Changes |
| Propylene | 812-820 | CFR China | No Changes |
| Propylene | 762-770 | FOB Korea | No Changes |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, VND term includes 10% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,300,000-14,820,000* | 990-1,026 |
| Malaysia | IDR | 14,500,000 | 1,004 |
| Southeast Asia | IDR | 14,300,000-14,800,000 | 990-1,025 |
| Thailand | IDR | 13,900,000-14,500,000 | 962-1,004 |
| Malaysia | MYR | 3,900*-3,960* | 914-928 |
| Philippines | PHP | 56,000 | 1,011 |
| Thailand | THB | 30,500-31,000 | 976-992 |
| Saudi | VND | 24,200,000-24,500,000 | 948-960 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT (except VND term includes 10% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | IDR | 15,000,000*-15,200,000 | 1,039-1,052 |
| Singapore | IDR | 14,700,000-15,000,000* | 1,018-1,039 |
| Thailand | IDR | 14,200,000-15,000,000 | 983-1,039 |
| Malaysia | MYR | 4,390*-4,530* | 1,029-1,062 |
| Thailand | THB | 33,500*-34,500 | 1,072-1,104 |
| Malaysia | THB | 32,500 | 1,040 |
| Malaysia | VND | 26,000,000 | 1,019 |
| Saudi | VND | 25,000,000-27,000,000 | 980-1,058 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, VND term includes 10% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,100,000-15,000,000* | 976-1,039 |
| Malaysia | IDR | 14,500,000-15,000,000* | 1,004-1,039 |
| Southeast Asia | IDR | 14,800,000-15,450,000* | 1,025-1,070 |
| Thailand | IDR | 13,900,000-14,800,000 | 962-1,025 |
| USA | IDR | 14,400,000 | 997 |
| Malaysia | MYR | 3,920*-4,270* | 919-1,001 |
| Philippines | PHP | 55,000-56,000 | 992-1,011 |
| Thailand | THB | 30,500-31,000 | 976-992 |
| South Korea | VND | 24,000,000 | 940 |
| Saudi | VND | 23,500,000-24,000,000 | 921-940 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | HDPE Film | 900 |
| Middle East | HDPE Film | 880-930 |
| North America | HDPE Film | 890**-930 |
| Southeast Asia | HDPE Film | 900-940 |
| Middle East | LDPE Film | 940-960 |
| Southeast Asia | LDPE Film | 920-980 |
| Indian Subcontinent | LLDPE Film C4 | 850-880 |
| Middle East | LLDPE Film C4 | 850-920 |
| North America | LLDPE Film C4 | 820-880* |
| Southeast Asia | LLDPE Film C4 | 880-920 |
Description: *Shipment from Singapore/Malaysia **Offers on TT, EXW Malaysia basis
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 10, 2020 12:00 PM (GMT+8)
Last Updated on July 13, 2020 11:47 AM (GMT+8)
