- A global trading house told SSESSMENTS.COM that LDPE Film cargoes from Saudi were offered at $850/ton on LC at sight, CIF Indonesia main port basis, but buyers submitted bids up to $100/ton lower than the initial offer level. For US LLDPE Film C4 cargoes, the trader offers at $730/ton with the same payment and delivery terms. The trader will accept bids between $30-40/ton lower than the offer given. The trader opined that the Indonesia PE market will follow the China market trend in the upcoming weeks.
- Another global trading house informed SSESSMENTS.COM that there were no transactions for PE in the Philippines market in the last two weeks due to the lockdown. According to the trader, the market becomes muted as 97% converters in the country halt production activities. The trader opined that like China, the Southeast Asia market will recover once the Coronavirus pandemic is under controlled.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.94 | June Settlement | 5.2 |
| NYMEX | 25.32 | May Settlement | 5.01 |
| Naphtha | 196 | CFR Japan | 30 |
| Ethylene | 478-484 | CFR NEA | No Changes |
| Ethylene | 448-454 | CFR SEA | No Changes |
| Propylene | 587-595 | CFR China | -4 to -6 |
| Propylene | 562-570 | FOB Korea | -9 to -11 |
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 | 865-900 |
| Southeast Asia | IDR | 14,300,000*-14,700,000* | 859-883 |
| Thailand | IDR | 14,690,000 | 882 |
| Malaysia | MYR | 3,660*-4,110* | 838-941 |
| Philippines | PHP | 59,000-60,000 | 1,035-1,053 |
| Thailand | THB | 28,500-29,000 | 862-877 |
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* | 961-985 |
| Southeast Asia | IDR | 16,200,000-16,600,000 | 973-997 |
| Thailand | IDR | 16,670,000 | 1,002 |
| Malaysia | MYR | 4,270*-4,370* | 978-1,001 |
| Thailand | THB | 29,000 | 877 |
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 | 811-865 |
| Malaysia | IDR | 13,200,000*-13,700,000* | 793-823 |
| Southeast Asia | IDR | 13,400,000*-14,000,000 | 805-841 |
| Thailand | IDR | 13,500,000-13,860,000 | 811-833 |
| Malaysia | MYR | 3,520*-3,620* | 806-829 |
| Philippines | PHP | 59,000 | 1,035 |
| Thailand | THB | 28,750-29,000 | 870-877 |
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 | 730-800 |
| Middle East | LDPE Film | 850-880 |
| Southeast Asia | LDPE Film | 950-980 |
| Indian Subcontinent | LLDPE Film C4 | 700-730 |
| Middle East | LLDPE Film C4 | 770-830 |
| North America | LLDPE Film C4 | 730-800 |
| Southeast Asia | LLDPE Film C4 | 790-840 |
Description: *Shipment from Malaysia and Singapore
Tags: Asia Pacific,Daily,English,PE,SEA
Published on April 3, 2020 12:36 PM (GMT+8)
Last Updated on April 3, 2020 12:36 PM (GMT+8)
