- An Indonesian trader reported to SSESSMENTS.COM that local HDPE Film and LLDPE Film C4 offers decreased significantly. Compared to last week, LLDPE Film C4 offers are IDR1,200,000/ton ($78/ton) lower, at IDR11,100,000/ton ($725/ton) on cash, FD Indonesia basis and excluding 10% VAT. Meanwhile, HDPE Film offers were adjusted down by IDR300,000/ton ($19/ton) compared to the same period. According to the trader, the delivery of material will be in early or mid-May.
- A Vietnamese converter told SSESSMENTS.COM that demand for the end product increased by 10% compared to last week and the production is at full capacity. For raw material, the converter purchased localized LLDPE Film C4 from Saudi at VND20,000,000/ton ($849/ton) on cash, FD Vietnam basis and including 10% VAT. The current deal level is VND500,000/ton ($21/ton) lower than the last deal concluded for the same materials. The converter also received import LLDPE Film C4 offers from the leading Saudi polyolefins producer at $730/ton on LC at sight, CIF Ho Chi Minh port, but heard that not many buyers are willing to buy at this particular level from the producer.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 22.54 | June Settlement | 2.08 |
| NYMEX | 15.06 | June Settlement | 2.72 |
| Naphtha | 194 | CFR Japan | 2 |
| Ethylene | 373-379 | CFR NEA | 9 to 11 |
| Ethylene | 353-359 | CFR SEA | 25 |
| Propylene | 682-690 | CFR China | No Changes |
| Propylene | 632-640 | 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 | 11,600,000*-12,500,000* | 758-816 |
| Southeast Asia | IDR | 11,700,000-12,480,000* | 764-815 |
| Indonesia | USD | 725** | - |
| Malaysia | MYR | 3,400* | 781 |
| Philippines | PHP | 59,000-60,000 | 1,043-1,060 |
| Southeast Asia | PHP | 54,000 | 954 |
| Thailand | THB | 28,250-28,750* | 879-886 |
| Uzbekistan | VND | 19,700,000-19,800,000 | 761-765 |
Description: *Offers on 30 days credit term **Local offers in Indonesia
LDPE 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 |
|---|
| Malaysia | IDR | 14,800,000*-15,150,000* | 967-989 |
| Singapore | IDR | 15,500,000* | 1,012 |
| Southeast Asia | IDR | 15,100,000 | 986 |
| Malaysia | MYR | 4,010*-4,150* | 921-954 |
| Thailand | THB | 33,500-34,000* | 1,032-1,047 |
| Southeast Asia | PHP | 64,000 | 1,131 |
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 | 11,100,000-12,000,000* | 725-784 |
| Malaysia | IDR | 11,800,000-11,850,000 | 771-774 |
| Southeast Asia | IDR | 11,300,000-11,900,000* | 738-777 |
| Malaysia | MYR | 3,620* | 832 |
| Philippines | PHP | 50,000 | 884 |
| Southeast Asia | PHP | 55,000 | 972 |
| Thailand | THB | 28,500-28,750* | 878-886 |
| Saudi | VND | 19,800,000-20,000,000 | 965-772 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Central Asia | HDPE Film | 665 |
| Middle East | HDPE Film | 705-770 |
| North America | HDPE Film | 680-710 |
| Southeast Asia | HDPE Film | 740-790 |
| Middle East | LDPE Film | 800-860* |
| Southeast Asia | LDPE Film | 870-930 |
| Indian Subcontinent | LLDPE Film C4 | 750 |
| Middle East | LLDPE Film C4 | 675-740* |
| North America | LLDPE Film C4 | 660-720 |
| Southeast Asia | LLDPE Film C4 | 740-790 |
Description: *Shipment from Malaysia and Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on April 30, 2020 11:33 AM (GMT+8)
Last Updated on April 30, 2020 12:59 PM (GMT+8)
