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DailySSESSMENTS: SEA PE Price 18th June 2020

Author: SSESSMENTS

- A Malaysian converter reported to SSESSMENTS.COM on receiving offers for US LLDPE Film C4 cargoes with shipment from China via a trader. Compared to offers received on June 5, the current offers are $60/ton higher, stand at $830/ton on LC at sight, CIF Malaysia main port basis. The trader informed the converter that the storage cost in China is high, hence, the company needs to move some cargoes from warehouses in the country. However, the converter suspected that the trader’s actual reason for moving cargoes from China is due to slow demand in China. The converter has not decided whether to purchase the cargoes or not.

- A trader in Vietnam revealed to SSESSMENTS.COM that the company increased offers for localized LDPE Film cargoes of various origins between VND1,000,000-1,500,000/ton ($43-64/ton) compared to last week. Cargoes from Saudi and Malaysia were available between VND27,300,000-27,500,000/ton ($1,168-1,176/ton) and VND27,500,000/ton ($1,176/ton) respectively on cash, FD Vietnam basis and including 10% VAT. However, buyers gave negative responses towards the offers as other traders in the country are still offering LDPE Film from both origins around VND25,500,000/ton ($1,091/ton)-level with the same payment and delivery term.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent40.71August Settlement-0.25
NYMEX37.96July Settlement-0.42
Naphtha352CFR Japan-1
Ethylene837-845CFR NEANo Changes
Ethylene787-795CFR SEANo Changes
Propylene772-780CFR China4 to 6
Propylene728-734FOB KoreaNo Changes

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
IndonesiaIDR13,300,000-14,220,000*936-1,001
MalaysiaIDR13,370,000941
SingaporeIDR14,000,000*985
Southeast AsiaIDR13,300,000-13,950,000*936-982
ThailandIDR13,000,000915
MalaysiaMYR3,580*836
PhilippinesPHP52,000-54,000**926-962
ThailandTHB28,000-30,000897-961
Description: *Offers on 30 days credit term **Offers on 60 days credit term

LDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaIDR13,600,000-14,000,000*957-985
Southeast AsiaIDR14,600,000*1,027
ThailandIDR13,400,000-13,500,000943-950
MalaysiaMYR4,110*-4,250*960-993
MalaysiaTHB32,500-33,0001,041-1,058
ThailandTHB34,0001,090
MalaysiaVND27,500,0001,069
SaudiVND27,300,00-27,500,0001,061-1,069
ThailandVND26,500,000-27,000,0001,030-1,050
Description: *Offers on 30 days credit term

LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR12,600,000-13,500,000887-950
MalaysiaIDR12,940,000-13,250,000*911-932
Southeast AsiaIDR12,900,000-13,950,000*908-982
ThailandIDR13,000,000-13,300,000915-936
MalaysiaMYR3,390*792
PhilippinesPHP52,000-54,000**926-962
ThailandTHB28,000-30,000897-961
SaudiVND23,000,000894
South KoreaVND23,000,000894
Description: *Offers on 30 days credit term **Offers on 60 days credit term

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

OriginProductOffers (USD/ton)
Far East AsiaHDPE Film875
Middle EastHDPE Film820-870*
North AmericaHDPE Film870
Southeast AsiaHDPE Film830-900
Central & East EuropeLDPE Film960-970
Middle EastLDPE Film880
Southeast AsiaLDPE Film910-980
North AmericaLLDPE Film C4800**-830**
Middle EastLLDPE Film C4780-840*
Southeast AsiaLLDPE Film C4830-900
Description: *Shipment from Singapore **Shipment from Port Klang, Malaysia

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

Published on June 18, 2020 12:02 PM (GMT+8)
Last Updated on June 18, 2020 12:07 PM (GMT+8)