- Supply disruption reported from a trader based in the Philippines. According to the trader, the leading polyolefins producer in the country seems to be out of PE materials and can only deliver materials in September. As such, PE prices are expected to remain firm with room for further increase remains open. From the trader’s end, the company managed to sell all of LLDPE Film C4 allocation to the China market last week and is planning to replenish the inventory in the near term as the stock has depleted, as stated to SSESSMENTS.COM.
- Whereas in Indonesia, further upward price adjustment captured on the price list from the leading Indonesian polyolefins producer for the week commencing July 13. On a weekly comparison, offers for HDPE Film surfaced with an increase of IDR440,000/ton ($30/ton). While for LLDPE Film C4, SSESSMENTS.COM noted that the producer increased the offers by IDR290,000/ton ($20/ton).
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.24 | September Settlement | 0.89 |
| NYMEX | 40.55 | August Settlement | 0.93 |
| Naphtha | 395 | 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% VA, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,310,000-14,610,000 | 991-1,012 |
| Malaysia | MYR | 3,900*-3,960* | 913-928 |
| Philippines | PHP | 56,000-58,000 | 1,010-1,046 |
| Thailand | THB | 30,500-31,000 | 971-987 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,390*-4,530* | 1,028-1,061 |
| Thailand | THB | 33,500-34,500 | 1,067-1,099 |
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 | 14,400,000 | 998 |
| Thailand | IDR | 14,600,000-15,000,000 | 1,011-1,039 |
| Malaysia | MYR | 3,920*-4,270* | 918-1,000 |
| Philippines | PHP | 55,000-58,000 | 992-1,046 |
| Thailand | THB | 30,250-31,000 | 963-987 |
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 | 880-930 |
| Southeast Asia | HDPE Film | 900-940 |
| Middle East | LDPE Film | 940-970 |
| Southeast Asia | LDPE Film | 920-980 |
| Middle East | LLDPE Film C4 | 850-920 |
| Southeast Asia | LLDPE Film C4 | 880-920 |
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 13, 2020 12:09 PM (GMT+8)
Last Updated on July 13, 2020 12:09 PM (GMT+8)
