- A Vietnamese trader informed SSESSMENTS.COM that import Saudi PE cargoes have reached below $800/ton-level. This week, HDPE Film and LLDPE Film C4 from Saudi captured at $50-60/ton lower compared to last week’s levels. However, despite the adjustments, buying sentiment in the country remains sluggish as PE prices are expected to move even lower in the near future. The trader opined that the slow market condition will persist due to the Coronavirus pandemic.
- While in Indonesia, a manufacturer informed SSESSMENTS.COM on receiving HDPE Film and LLDPE Film C4 offers from the leading Indonesian polyolefins producer at a similar level to the price list at IDR14,600,000/ton ($893/ton) and IDR13,850,000/ton ($847/ton) but on 30 days credit term, FD Indonesia basis and excluding 10% VAT. While offers for localized Southeast Asian LLDPE Film C4 are available at IDR13,600,000/ton ($831/ton) on the same payment and delivery term. However, the manufacturer skips purchasing materials this week due to sufficient inventory. For import cargoes, the manufacturer stated that considering the current market situation, buying import cargoes will be too risky. The manufacturer opined that there is no clear outlook for demand as uncertainties pile up.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 22.74 | May Settlement | -0.02 |
| NYMEX | 20.48 | May Settlement | 0.39 |
| Naphtha | 191 | CFR Japan | -99 |
| Ethylene | 507-515 | CFR NEA | -24 to -26 |
| Ethylene | 478-484 | CFR SEA | No Changes |
| Propylene | 607-615 | CFR China | -40 |
| Propylene | 587-595 | FOB Korea | -40 |
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 | 14,400,000*-14,980,000 | 880-916 |
| Southeast Asia | IDR | 14,300,000*-14,700,000* | 874-899 |
| Thailand | IDR | 14,690,000 | 898 |
| Malaysia | MYR | 3,660*-4,110* | 848-952 |
| Philippines | PHP | 59,000-60,000 | 1,035-1,052 |
| Thailand | THB | 29,000 | 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 | IDR | 16,000,000*-16,400,000* | 978-1,003 |
| Southeast Asia | IDR | 16,200,000 | 991 |
| Thailand | IDR | 16,670,000 | 1,019 |
| Malaysia | MYR | 4,270*-4,370* | 989-1,012 |
| Thailand | THB | 29,000 | 885 |
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 | 13,500,000-14,400,000 | 825-880 |
| Malaysia | IDR | 13,600,000*-13,700,000* | 831-838 |
| Southeast Asia | IDR | 13,450,000-13,600,000* | 822-831 |
| Thailand | IDR | 13,860,000 | 847 |
| Malaysia | MYR | 3,520*-3,620* | 815-839 |
| Philippines | PHP | 59,000 | 1,035 |
| Thailand | THB | 29,000 | 885 |
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 | 710*-770 |
| North America | HDPE Film | 730-750 |
| Southeast Asia | HDPE Film | 815-880 |
| Middle East | LDPE Film | 880 |
| Southeast Asia | LDPE Film | 965-980 |
| Middle East | LLDPE Film C4 | 780-840 |
| North America | LLDPE Film C4 | 730-800 |
| Southeast Asia | LLDPE Film C4 | 805-840 |
Description: *Shipment from Malaysia and Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on April 1, 2020 12:47 PM (GMT+8)
Last Updated on April 1, 2020 4:59 PM (GMT+8)
