- A Vietnamese trader informed SSESSMENTS.COM that a Malaysian polyolefins producer has announced June shipment offers to the country. Compared to May shipment, HDPE Film and LDPE Film offers from the producer moved up by $20/ton and $50/ton, respectively. For PE cargoes from the leading Saudi polyolefins producer, offers for HDPE Film and LLDPE Film C4 increased by $10/ton from last week, while offers for LDPE Film remain unchanged compared to the same period.
- While in Indonesia, a local converter stated to SSESSMENTS.COM that currently, offers for Middle Eastern and US PE cargoes are scarce. However, the converter managed to conclude deals for Middle Eastern HDPE Film and LLDPE Film C4 at $705-720/ton and $700/ton, respectively on LC at sight, CIF Indonesia Main Port basis. While for US LLDPE Film C4, the offers stand at $750/ton on the same payment and delivery term with the cargoes are ready in Port Klang, Malaysia. However, these offers deemed unattractive as local LLDPE Film C4 cargoes are available at $720/ton in US Dollar denomination. More added, shipment for Thai LLDPE Film C4 will be delayed until an unspecified time. So far, no further information regarding the reason for the delay.
Click below to view related stories and content on PE:
DailySSESSMENTS: SEA PE Price 11th May 2020
DailySSESSMENTS: China PE Price 12th April 2020
DailySSESSMENTS: China PE Price 11th May 2020
WeeklySSESSMENTS: SEA PE Prices Week Starting May 4
WeeklySSESSMENTS: China PE Prices Week Starting May 4
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.63 | July Settlement | -1.34 |
| NYMEX | 24.14 | June Settlement | -0.60 |
| Naphtha | 240 | CFR Japan | -12 |
| Ethylene | 452-460 | CFR NEA | No Changes |
| Ethylene | 432-440 | CFR SEA | No Changes |
| Propylene | 743-749 | CFR China | 19 to 21 |
| Propylene | 698-704 | FOB Korea | 19 to 21 |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 11,620,000-12,700,000 | 778-850 |
| Southeast Asia | IDR | 13,150,000*-13,400,000* | 880-897 |
| Malaysia | MYR | 3,300*-3,400* | 761-784 |
| Philippines | PHP | 50,000 | 886 |
| Thailand | THB | 27,500-28,750* | 854-892 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT (all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,000*-4,150* | 922-957 |
| Thailand | THB | 33,250-34,000* | 1,032-1,055 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 11,570,000-12,700,000 | 774-850 |
| Southeast Asia | IDR | 13,000,000*-13,100,000 | 870-877 |
| Malaysia | MYR | 2,890*-3,100* | 666-715 |
| Philippines | PHP | 50,000 | 886 |
| Thailand | THB | 27,250-28,750* | 846-892 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 705-780 |
| North America | HDPE Film | 740 |
| Southeast Asia | HDPE Film | 770-780* |
| Middle East | LDPE Film | 840-860 |
| Southeast Asia | LDPE Film | 880-900* |
| Middle East | LLDPE Film C4 | 700-760 |
| North America | LLDPE Film C4 | 750** |
| Southeast Asia | LLDPE Film C4 | 780 |
Description: *June shipment, **Shipment from Port Klang, Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on May 12, 2020 12:01 PM (GMT+8)
Last Updated on May 12, 2020 12:01 PM (GMT+8)
