- In Thailand, A distributor reported to SSESSMENTS.COM that the local offers for HDPE Film and LLDPE Film C4 offers from a local producer captured higher by THB2,500/ton ($79/ton) on the low-end of the price range citing from limited availability, especially for HDPE grades. Despite the upwards adjustment, PE demand in Thailand remains sluggish as the demand for finished products still affected by the Coronavirus pandemic. Moreover, done deals were very limited so far as the offers are deemed too high and converters already have sufficient inventory on hand. As such, the distributor is unsure of whether the current uptrend in PE price will sustain or not. At the moment, the distributor prefers the sideline position while monitoring the development of the current price trend.
- To avoid the piling up of end products inventory, an Indonesian converter decided to reduce the company’s operating rate as the market movement remains slow. At the moment, the converter is running the production at 80% from the normal operating rates. The converter added to SSESSMENTS.COM that the company already has sufficient inventory on hand at the moment and procurement is most likely will be done in the upcoming week.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 39.57 | August Settlement | 1.25 |
| NYMEX | 36.81 | July Settlement | 1.37 |
| Naphtha | 337 | CFR Japan | 14 |
| Ethylene | 708-714 | CFR NEA | No Changes |
| Ethylene | 677-685 | CFR SEA | No Changes |
| Propylene | 758-764 | CFR China | No Changes |
| Propylene | 717-725 | 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 | 12,880,000 | 894-958 |
| Southeast Asia | IDR | 13,100,000*-13,600,000* | 909-944 |
| Thailand | IDR | 12,800,000-12,900,000 | 888-895 |
| Malaysia | MYR | 3,440* | 802 |
| Philippines | PHP | 51,000 | 906 |
| Thailand | THB | 29,000-30,000 | 918-949 |
| United Arab Emirates | THB | 27,000 | 854 |
Description: *Offers on 30 days credit term
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 |
|---|
| Thailand | IDR | 14,200,000-14,400,000 | 985-999 |
| Malaysia | MYR | 3,980*-4,250* | 928-991 |
| Southeast Asia | PHP | 64,000 | 1,136 |
| Malaysia | THB | 30,500 | 965 |
| Thailand | THB | 33,000-34,000 | 1,044-1,076 |
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 | 12,720,000-13,300,000 | 883-923 |
| Southeast Asia | IDR | 13,300,000*-13,400,000* | 923-930 |
| Thailand | IDR | 12,500,000 | 867 |
| Malaysia | MYR | 3,390* | 791 |
| Philippines | PHP | 50,000 | 888 |
| Thailand | THB | 29,000-30,000 | 918-949 |
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 | 770-840* |
| Southeast Asia | HDPE Film | 800-810 |
| Middle East | LDPE Film | 830-840 |
| Southeast Asia | LDPE Film | 890-900 |
| Middle East | LLDPE Film C4 | 760-810 |
| Southeast Asia | LLDPE Film C4 | 780-810 |
Description: *Available at Singapore/Malaysia bonded warehouses
Tags: Asia Pacific,Daily,English,PE,SEA
Published on June 3, 2020 12:00 PM (GMT+8)
Last Updated on June 4, 2020 9:29 AM (GMT+8)
