- An Indonesian converter contacted by SSESSMENTS.COM’s team commented that the uptrend in China market would not last for a long time since demand for PE resins remains sag on the back of sluggish sales for the end products. In terms of offers, import LLDPE Film C4 cargoes of Thailand and US origin are available at $710/ton on LC at sight, CIF Indonesia main port basis. For Thai cargoes, the offers were deemed attractive while for US cargoes, offers remain unattractive taking into account the delivery time and the 10% customs duty. In the local market, limited supply reported for HDPE Film from the largest local trading house in the country.
- Whereas in Vietnam, a local trader reported to SSESSMENTS.COM that the company purchased localized LLDPE Film C4 cargoes of Saudi origin at VND22,000,000/ton ($932/ton) on cash, FD Vietnam basis and including 10% VAT. This level is VND1,000,000/ton ($42/ton) lower than last week’s level. Demand-wise, the trader could not sell any volume in the domestic market for a few weeks now as the market is muted amid the lockdown.
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DailySSESSMENTS: China PE Price 14th April 2020
DailySSESSMENTS: SEA PE Price 13th April 2020
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WeeklySSESSMENTS: SEA PE Prices W/C April 6
WeeklySSESSMENTS: China PE Prices W/C April 6
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 31.74 | June Settlement | 0.26 |
| NYMEX | 22.41 | May Settlement | -0.35 |
| Naphtha | 184 | CFR Japan | -7* |
| Ethylene | 438-444 | CFR NEA | 30* |
| Ethylene | 383-389 | CFR SEA | 30* |
| Propylene | 703-709 | CFR China | 90* |
| Propylene | 653-659 | FOB Korea | 90* |
Description: *Compared to prices in DailySSESSMENTS on April 10
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 | 13,240,000-13,570,000 | 839-859 |
| Malaysia | MYR | 3,660*-4,110* | 846-950 |
| Philippines | PHP | 59,000-60,000 | 1,040-1,058 |
| Thailand | THB | 27,000-29,000 | 824-885 |
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 | 4,270*-4,370* | 987-1,010 |
| Thailand | THB | 32,000-33,250 | 976-1,015 |
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 | 13,500,000-13,570,000 | 855-859 |
| Malaysia | MYR | 3,520*-3,620* | 814-837 |
| Philippines | PHP | 50,000 | 881 |
| Thailand | THB | 27,000-29,000 | 824-885 |
| Saudi | VND | 22,000,000 | 847 |
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 | 700-770 |
| North America | HDPE Film | 690*-715** |
| Southeast Asia | HDPE Film | 740 |
| Middle East | LDPE Film | 860-880 |
| Southeast Asia | LDPE Film | 840-910 |
| Middle East | LLDPE Film C4 | 680 |
| North America | LLDPE Film C4 | 710 |
| Southeast Asia | LLDPE Film C4 | 710 |
Description: *Shipped from Malaysia **Shipped from Taiwan
Tags: Asia Pacific,Daily,English,PE,SEA
Published on April 14, 2020 12:17 PM (GMT+8)
Last Updated on April 14, 2020 6:14 PM (GMT+8)
