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DailySSESSMENTS: SEA PE Price 15th April 2020

Author: SSESSMENTS

- An Indonesian trader informed SSESSMENTS.COM that this week, local offers declined due to stronger Rupiah. Offers for local HDPE Film and LLDPE Film C4 cargoes from two local producers stood between IDR13,500,000-13,700,000/ton ($860-873/ton) on 30 days credit term, FD Indonesia basis and excluding 10% VAT. However, the trader stated that the current offers are negotiable depending on the quantity and payment term. Demand-wise, limited transactions recorded due to the social restriction in several cities, such as Jakarta.

- While in Thailand, a local distributor commented that local HDPE Film and LLDPE Film C4 from a local producer decreased by THB500/ton ($15/ton) compared to last week’s level. The producer also gave a hint that they might increase the offers following the uptrend in China market. However, so far, buyers are not interested in taking a big volume and keep purchasing on a need basis due to the sluggish finished product demand. The distributor opined to SSESSMENTS.COM that the uptrend in the China market is contradicting with the current global market condition, as such, the situation is expected to fall short.

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ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent29.6June Settlement-2.14
NYMEX20.11May Settlement-2.3
Naphtha187CFR Japan3
Ethylene438-444CFR NEANo Changes
Ethylene383-389CFR SEANo Changes
Propylene742-750CFR China39 to 41
Propylene692-700FOB Korea39 to 41

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
IndonesiaIDR13,240,000-13,600,000*844-866
Southeast AsiaIDR13,550,000*-13,700,000*863-873
ThailandIDR13,100,000835
MalaysiaMYR3,660*-4,110*845-949
PhilippinesPHP59,000-60,0001,040-1,058
ThailandTHB27,500-28,000840-855
Description: *Offers on 30 days credit term

LDPE Film, on cash/credit term, FD basis, excluding VAT

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaIDR15,300,000*-16,000,000*975-1,019
ThailandIDR15,500,000988
MalaysiaMYR4,270*-4,370*986-1,009
ThailandTHB32,000-33,250978-1,016
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)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR13,180,000-13,700,000840-873
Southeast AsiaIDR13,100,000*-13,700,000*835-873
ThailandIDR13,100,000-13,200,000835-841
MalaysiaMYR3,520*-3,620*812-836
PhilippinesPHP50,000881
ThailandTHB27,500-28,000840-855
SaudiVND22,000,000847
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Middle EastHDPE Film750-760
North AmericaHDPE Film690*-715**
Southeast AsiaHDPE Film740-800
Indian SubcontinentLDPE Film840-860
Middle EastLDPE Film860-880
Southeast AsiaLDPE Film840-910
Indian SubcontinentLLDPE Film C4720-740
Far East AsiaLLDPE Film C4750
Middle EastLLDPE Film C4680-740
North AmericaLLDPE Film C4710
Southeast AsiaLLDPE Film C4710-750
Description: *Shipped from Malaysia, **Shipped from Taiwan

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

Published on April 15, 2020 1:07 PM (GMT+8)
Last Updated on April 16, 2020 10:01 AM (GMT+8)