- A trader in Thailand informed SSESSMENTS.COM that the PE market in the country is slow this week as most converters have made purchases in the previous weeks and now are only waiting for the materials to be delivered. The trader opined that those converters will be back to the market for stock replenishment in mid-August. Pertaining to offers, the trader mentioned that offers from the company remain stable compared to last week. On Monday (July 13), the trader sold local LDPE Film at THB32,500/ton ($1,029/ton) on cash, FD Thailand basis and excluding 7% VAT. The trader acknowledged that the deal level was far lower than the market prices, at THB34,000/ton-level ($1,077/ton).
- A regional trader reported to SSESSMENTS.COM that August shipment offers for PE cargoes of Qatar origin to Indonesia are already available. Offers for HDPE Film increased by $15/ton while offers for LLDPE Film C4 and LDPE Film went up by $35/ton compared to last week’s levels. According to the trader, the allocation is limited. Even so, the trader believes that the current offers are unworkable. On the other hand, the producer has no pressure to lower the offers, thus, the producer will continue to offer at the current levels, $945/ton for HDPE Film, $965/ton for LDPE Film and $900/ton for LLDPE Film C4. All on LC at sight, CIF Indonesia main port basis.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.90 | September Settlement | 0.18 |
| NYMEX | 40.29 | August Settlement | 0.19 |
| Naphtha | 386 | CFR Japan | -1 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 702-710 | CFR SEA | No Changes |
| Propylene | 822-830 | CFR China | No Changes |
| Propylene | 778-784 | FOB Korea | 4 to 6 |
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 | 14,500,000-15,000,000 | 996-1,030 |
| Indonesia | USD | 1,020 | - |
| Malaysia | IDR | 14,400,000-14,500,000 | 989-996 |
| Thailand | IDR | 15,000,000 | 1,030 |
| Southeast Asia | IDR | 14,350,000-14,900,000* | 985-1,023 |
| Malaysia | MYR | 3,900*-3,960* | 913-927 |
| Philippines | PHP | 57,000 | 1,027 |
| Thailand | THB | 30,000-31,000 | 950-982 |
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 | IDR | 15,500,000*-16,000,000* | 1,064-1,099 |
| Malaysia | MYR | 4,390*-4,530* | 1,027-1,060 |
| Thailand | THB | 32,500-34,500 | 1,029-1,093 |
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 | 14,400,000-15,500,000* | 989-1,064 |
| Indonesia | USD | 1,020 | - |
| Malaysia | IDR | 14,300,000 | 982 |
| Thailand | IDR | 14,600,000-15,000,000 | 1,003-1,030 |
| Southeast Asia | IDR | 15,100,000*-15,700,000* | 1,037-1,078 |
| Malaysia | MYR | 3,920*-4,270* | 917-999 |
| Philippines | PHP | 56,000 | 1,009 |
| Thailand | THB | 30,000-31,000 | 950-982 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | HDPE Film | 930 |
| Middle East | HDPE Film | 930-945** |
| North America | HDPE Film | 920* |
| Southeast Asia | HDPE Film | 935-960 |
| Middle East | LDPE Film | 965** |
| Southeast Asia | LDPE Film | 1,000 |
| Indian Subcontinent | LLDPE Film C4 | 870-890** |
| Middle East | LLDPE Film C4 | 900**-910*** |
| North America | LLDPE Film C4 | 830-890 |
| Southeast Asia | LLDPE Film C4 | 910-930 |
Description: *Shipment from Port Klang, Malaysia **August Shipment ***Shipment from Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 15, 2020 12:07 PM (GMT+8)
Last Updated on July 15, 2020 2:08 PM (GMT+8)
