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DailySSESSMENTS: SEA PE Price 27th July 2020

Author: SSESSMENTS

- Indonesian market sources contacted by SSESSMENTS.COM informed that the leading polyolefins producer in the country has announced a new price list for the week commencing July 27. As compared to the price list released on July 20, the producer decided to trim the offers by IDR180,000-260,000/ton ($12-18/ton) for HDPE Film and IDR190,000/ton ($13/ton) for LLDPE Film C4. 

- In the import market, a Philippines converter reported to SSESSMENTS.COM on receiving August shipment offers for LLDPE Film C4 from a Middle Eastern producer at $950/ton on LC at sight, CIF Philippines Main Port basis. As compared to July shipment, the offers increased by $30/ton. However, the converter is not interested in buying as the price is deemed too high and unworkable.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent43.34September Settlement0.03
NYMEX41.29September Settlement0.22
Naphtha394CFR Japan2
Ethylene798-804CFR NEANo Changes
Ethylene712-720CFR SEANo Changes
Propylene823-829CFR ChinaNo Changes
Propylene783-789FOB 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
IndonesiaIDR14,200,000-14,420,000973-988
MalaysiaMYR3,960*928
PhilippinesPHP57,0001,031
ThailandTHB29,500-31,500931-994
Description: *Offers on 30 days credit term

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

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaMYR4,390*-4,530*1,029-1,062
ThailandTHB32,500-33,5001,025-1,056
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)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR14,280,000978
ThailandIDR14,800,000**1,009
MalaysiaMYR4,270*1,001
PhilippinesPHP56,0001,013
ThailandTHB29,500-31,500931-994
Description: *Offers on 30 days credit term **FD Medan basis

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

OriginProductOffers (USD/ton)
Middle EastHDPE Film930-980
Southeast AsiaHDPE Film920-990
Middle EastLDPE Film940-1,000
Southeast AsiaLDPE Film960-1,000
Middle EastLLDPE Film C4950
Southeast AsiaLLDPE Film C4900-960

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

Published on July 27, 2020 11:41 AM (GMT+8)
Last Updated on July 28, 2020 9:26 AM (GMT+8)