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DailySSESSMENTS: SEA PE Price 11th June 2020

Author: SSESSMENTS

- A local converter in Indonesia informed SSESSMENTS.COM on the deals level for localized Malaysian LDPE Film cargoes. On a weekly comparison, offers for localized Malaysian LDPE Film via the largest local trading house in the country dropped by IDR350,000/ton ($25/ton). The converter purchased 20 tons of these cargoes at the same level to the initial offers at IDR13,650,000/ton ($968/ton) on cash, FD Indonesia basis and excluding 10% VAT. While for localized Southeast Asian HDPE Film and LLDPE Film C4, the offers are available at IDR13,250,000/ton ($940/ton) and at IDR12,650,000/ton ($897/ton) on the same payment and delivery terms. So far, no deals for HDPE Film and LLDPE Film C4 cargoes as the converter still has sufficient inventory on hand. Demand-wise, the converter has increased production rates by 10% and currently running at 60% from normal production as demand is slightly better on the company’s end.

- While in Vietnam, a converter purchased import Saudi LDPE Film at the same level to the initial offers at $910/to on LC at sight, CIF Haiphong port. Meanwhile, for LDPE Film of Thailand origin, no fresh offers received by the converter citing that there is no more allocation to the Vietnam market. As for US cargoes, the converter was told to submit a bid. However, considering the longer lead time, around two months, the converter is not interested in procuring the cargoes. On the production side, currently, production at the converter’s end runs at normal rates in line with stable demand for the finished product, as stated to SSESSMENTS.COM.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent41.73August Settlement0.55
NYMEX39.60July Settlement0.66
Naphtha351CFR Japan5
Ethylene803-809CFR NEA54 to 56
Ethylene753-759CFR SEA49 to 51
Propylene773-779CFR ChinaNo Changes
Propylene733-739FOB KoreaNo Changes

HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR13,000,000-13,900,000922-986
IndonesiaUSD1,004-
MalaysiaIDR13,100,000*929
Southeast AsiaIDR13,250,000-13,950,000*940-990
ThailandIDR13,200,000-13,400,000936-951
MalaysiaMYR3,440*-3,580*807-840
PhilippinesPHP52,000-54,000**929-965
ThailandTHB28,000-29,500897-945
Description: *Offers on 30 days credit term, **Offers on 60 days credit term

LDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaIDR13,650,000-13,950,000*968-990
Southeast AsiaIDR14,600,000*1,036
Southeast AsiaUSD1,025-
ThailandIDR13,900,000-14,000,000986-993
MalaysiaMYR3,980*-4,250*951-997
MalaysiaTHB31,500-33,5001,009-1,073
ThailandTHB32,500-34,0001,041-1,090
Description: *Offers on 30 days credit term

LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, and VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR12,750,000-13,800,000904-979
IndonesiaUSD994-
MalaysiaIDR13,550,000*961
Southeast AsiaIDR12,650,000-13,250,000897-940
ThailandIDR13,200,00-13,400,000936-950
MalaysiaMYR3,390*795
PhilippinesPHP53,000-54,000**947-965
ThailandTHB28,000-29,500897-945
South KoreaVND23,000,000-23,500,000895-914
Description: *Offers on 30 days credit term, **Offers on 60 days credit term

Import on LC at sight, CIF Southeast Asia main port basis

OriginProductOffers (USD/ton)
Far East AsiaHDPE Film885**
Indian SubcontinentHDPE Film840
Middle EastHDPE Film740-820
North AmericaHDPE Film790-800
Southeast AsiaHDPE Film820-860**
Far East AsiaLDPE Film940**
Middle EastLDPE Film860-910
Southeast AsiaLDPE Film910-970
Middle EastLLDPE Film C4770-840*
North AmericaLLDPE Film C4790-830*
Southeast AsiaLLDPE Film C4820-860
Description: *Shipment from Singapore/Malaysia, **July shipment

Tags: Asia Pacific,Daily,English,PE,SEA

Published on June 11, 2020 12:09 PM (GMT+8)
Last Updated on June 11, 2020 12:09 PM (GMT+8)