- A Thai trader informed SSESSMENTS.COM that on a weekly comparison, offers for HDPE Film from a local producer dropped between THB250-750/ton ($7-23/ton), while for LLDPE Film C4, the offers are THB2,000/ton ($61/ton) lower in line with the downtrend in the international market. Currently, the PE market in Thailand is quiet. However, the demand for essential products is slightly increasing as people are worried about the product’s availability in the days to come after the government announced a state emergency. The trader opined that market sentiment will be bearish onward as the PE prices in the global market are expected to decrease further.
- Meanwhile, in Indonesia, a local converter stated that localized Malaysian LLDPE Film C4 cargoes are being offered at IDR800,000/ton ($49/ton) higher compared to last week’s level. While in the import market, foreign suppliers are reluctant to give offers as buyers are not keen to take import cargoes due to the weakening of Rupiah against US Dollar. Demand-wise, no improvement seen for PE demand in the country. However, the converter opined to SSESSMENTS.COM that demand will increase approaching Eid Al-Fitr.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 26.34 | May Settlement | -1.05 |
| NYMEX | 22.6 | May Settlement | -1.89 |
| Naphtha | 292 | CFR Japan | No Changes |
| Ethylene | 547-555 | CFR NEA | No Changes |
| Ethylene | 528-534 | CFR SEA | No Changes |
| Propylene | 693-699 | CFR China | No Changes |
| Propylene | 668-674 | FOB Korea | -5 |
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 | 14,060,000-15,200,000 | 870-941 |
| Southeast Asia | IDR | 14,400,000 | 891 |
| Thailand | IDR | 13,500,000 | 836 |
| Malaysia | MYR | 3,750*-3,860* | 860-885 |
| Philippines | PHP | 59,000-60,000 | 1,034-1,052 |
| Thailand | THB | 29,250-30,000 | 893-916 |
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 | 15,500,000-16,700,000 | 960-1,034 |
| Southeast Asia | IDR | 15,800,000-16,000,000 | 978-990 |
| Thailand | IDR | 16,700,000 | 1,034 |
| Malaysia | MYR | 4,450*-4,570* | 1,020-1,048 |
| Thailand | THB | 33,500-34,250 | 1,023-1,046 |
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 | 13,400,000-14,600,000 | 830-904 |
| Malaysia | IDR | 13,600,000-13,800,000 | 842-854 |
| Southeast Asia | IDR | 13,400,000*-14,000,000 | 830-867 |
| Thailand | IDR | 13,500,000 | 836 |
| Malaysia | MYR | 3,800* | 871 |
| Philippines | PHP | 59,000 | 1,034 |
| Thailand | THB | 29,000-30,000 | 886-916 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| China | HDPE Film | 780 |
| Middle East | HDPE Film | 750-810 |
| North America | HDPE Film | 780 |
| Southeast Asia | HDPE Film | 830-880 |
| Middle East | LDPE Film | 900-930 |
| Southeast Asia | LDPE Film | 940-980 |
| Middle East | LLDPE Film C4 | 800-850 |
| North America | LLDPE Film C4 | 770*-790 |
| Southeast Asia | LLDPE Film C4 | 820-850 |
Description: *Shipment from Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on March 27, 2020 1:10 PM (GMT+8)
Last Updated on March 27, 2020 1:10 PM (GMT+8)
