- A regional trader informed SSESSMENTS.COM that the company is offering import US LLDPE Film C4 cargoes to Malaysia for big volumes at $830-850/ton on LC at sight, CIF Main Port basis. Despite the relatively tight supply in the country, the trader stated that buyers are not in a rush to make procurements. The trader explained further that the buying sentiment in the country remains lukewarm as buyers still keep the procurement on a hand to mouth basis stemming from the slow sales for finished products. Moreover, buyers started to show resistance towards the higher prices. For the outlook, the trader opined that it will be difficult to predict the price movement. However, there is a possibility that players are expecting a lower price as ethylene (C2) price has started to move lower since previously suppliers were using the increases in ethylene price as one of the reasons for high prices. As such, buyers might be using the same reason to ask for lower prices as well.
- Meanwhile, an Indonesian converter revealed that the company only received import offers for US HDPE Film with cargoes available at Port Klang, Malaysia at $920/ton on LC at sight, CIF Indonesia Main Port basis. However, the converter decided to skip purchases as the company has bought import Middle Eastern HDPE Film cargoes at $890/ton with the same payment and delivery terms in the previous week. Although PE prices are on the uptrend, the converter explained to SSESSMENTS.COM that the company could not raise the price for end-products due to slow sales. Moreover, customers in the local market are asking for lower prices as competitors are selling the products at low prices to lure buyers.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.72 | September Settlement | -0.52 |
| NYMEX | 40.10 | August Settlement | -0.45 |
| Naphtha | 387 | CFR Japan | -8 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 702-710 | CFR SEA | -44 to -46 |
| Propylene | 822-830 | CFR China | 10 |
| Propylene | 772-780 | FOB Korea | 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 | 14,700,000-15,000,000 | 1,016-1,036 |
| Indonesia | USD | 1,020 | - |
| Thailand | IDR | 15,000,000 | 1,036 |
| Southeast Asia | IDR | 14,900,000* | 1,029 |
| Malaysia | MYR | 3,900*-3,960* | 914-928 |
| Philippines | PHP | 57,000 | 1,028 |
| Thailand | THB | 30,500-31,000 | 964-988 |
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* | 1,029-1,062 |
| 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 | 14,700,000-15,100,000* | 1,016-1,043 |
| Indonesia | USD | 1,020 | - |
| Thailand | IDR | 14,600,000-15,000,000 | 1,009-1,036 |
| Southeast Asia | IDR | 15,100,000*-15,700,000* | 1,043-1,085 |
| Malaysia | MYR | 3,920*-4,270* | 919-1,001 |
| Philippines | PHP | 56,000 | 1,010 |
| Thailand | THB | 30,250-31,000 | 964-988 |
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 |
| North America | HDPE Film | 920* |
| 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 |
| North America | LLDPE Film C4 | 830-850 |
| Southeast Asia | LLDPE Film C4 | 880-920 |
Description: *Shipment from Port Klang, Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 14, 2020 12:11 PM (GMT+8)
Last Updated on July 14, 2020 12:12 PM (GMT+8)
