- A local converter in Indonesia informed SSESSMENTS.COM that the company received local HDPE Film offers via a trader at IDR11,900,000/ton ($762/ton) on cash, FD Indonesia basis and excluding 10% VAT. Further added by the converter, currently, a supplier from the leading Indonesian polyolefins producer starting to hold offers and unwilling to lower PE offers on the back of limited supply. However, the converter opined that this move would not affect the PE market as the demand remain sluggish. In terms of prices, the converter believed that PE prices still have room to decrease further as crude oil prices broke below zero recently coupled with weak demand.
- Whereas in Vietnam, a trader received Saudi LLDPE Film C4 offers at $110-120/ton lower compared to last month’s level. However, so far, no deals concluded. The trader only purchased PE cargoes on a need basis due to the sluggish demand. For the outlook, the trader opined that PE market sentiment would not improve until the Coronavirus outbreak in the Southeast Asia region is over.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 20.37 | June Settlement | 1.04 |
| NYMEX | 13.78 | June Settlement | 2.21 |
| Naphtha | 199 | CFR Japan | 15 |
| Ethylene | 328-334 | CFR NEA | No Changes |
| Ethylene | 328-334 | CFR SEA | No Changes |
| Propylene | 653-659 | CFR China | No Changes |
| Propylene | 603-609 | FOB Korea | No Changes |
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 | 11,850,000-12,500,000* | 759-801 |
| Southeast Asia | IDR | 11,900,000*-12,540,000* | 762-803 |
| Thailand | IDR | 12,300,000 | 788 |
| Malaysia | MYR | 3,660* | 836 |
| Philippines | PHP | 59,000-60,000 | 1,037-1,055 |
| Thailand | THB | 28,000-28,750 | 863-886 |
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 | 15,200,000*-15,400,000* | 974-987 |
| Singapore | IDR | 15,800,000* | 1,012 |
| Southeast Asia | IDR | 15,400,000 | 987 |
| Thailand | IDR | 14,900,000-15,000,000 | 956-961 |
| Malaysia | MYR | 4,270*-4,370* | 975-998 |
| Thailand | THB | 32,500-34,000 | 1,002-1,048 |
| Malaysia | THB | 32,000 | 987 |
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 | 11,700,000-13,000,000* | 750-833 |
| Malaysia | IDR | 12,200,000*-13,000,000* | 782-833 |
| Southeast Asia | IDR | 12,350,000*-12,600,000* | 791-807 |
| Thailand | IDR | 12,000,000 | 769 |
| Malaysia | MYR | 3,620* | 827 |
| Philippines | PHP | 50,000 | 879 |
| Thailand | THB | 28,000-28,750 | 863-886 |
Description: *Offers on 30 days credit term
Import on cash/LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 720-760 |
| North America | HDPE Film | 740 |
| Southeast Asia | HDPE Film | 740-760 |
| Middle East | LDPE Film | 880 |
| North America | LDPE Film | 850 |
| Southeast Asia | LDPE Film | 830-900 |
| Far East Asia | LLDPE Film C4 | 760 |
| Middle East | LLDPE Film C4 | 700-760 |
| Southeast Asia | LLDPE Film C4 | 720-760 |
Tags: Asia Pacific,Daily,English,PE,SEA
Published on April 23, 2020 12:49 PM (GMT+8)
Last Updated on April 24, 2020 10:52 AM (GMT+8)
