- A Thai trader revealed to SSESSMENTS.COM that the company has managed to conclude deals for Middle Eastern PE cargoes between $40-50/ton lower than the initial offers. Deals for HDPE Film were concluded at $710/ton or $40/ton lower than the initial offer level. While for LLDPE Film C4, the deals were closed at $50/ton lower, at $770/ton, all on LC at sight, CIF Thailand main port basis.
- Whereas in Indonesia, the leading polyolefins producer has announced the fresh price list for the week commencing May 4. As compared to last week, SSESSMENTS.COM noted that offers for HDPE Film surfaced with a reduction of IDR130,000-140,000/ton ($8.6-9.3/ton). Likewise, offers for LLDPE Film C4 are also down by IDR290,000/ton ($19/ton) as compared to the same period.
Click below to view related stories and content on PE:
DailySSESSMENTS: SEA PE Price 30th April 2020
DailySSESSMENTS: China PE Price 30th April 2020
WeeklySSESSMENTS: SEA PE Prices W/C April 27
WeeklySSESSMENTS: China PE Prices W/C April 27
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 26.44 | July Settlement | -0.04 |
| NYMEX | 19.78 | June Settlement | 0.94 |
| Naphtha | 205 | CFR Japan | 11 |
| Ethylene | - | CFR NEA | No Settlement* |
| Ethylene | - | CFR SEA | No Settlement* |
| Propylene | - | CFR China | No Settlement* |
| Propylene | - | FOB Korea | No Settlement* |
Description: *No settlement due to Labor Day holiday
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 | 11,620,000-11,930,000 | 773-794 |
| Malaysia | MYR | 3,400* | 791 |
| Philippines | PHP | 59,000-60,000 | 1,041-1,058 |
| Thailand | THB | 27,000-28,750* | 829-882 |
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 |
|---|
| Malaysia | MYR | 4,010*-4,150* | 933-965 |
| Thailand | THB | 32,000-34,000* | 982-1,044 |
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 | 11,310,000 | 753 |
| Malaysia | MYR | 2,890*-3,100* | 672-721 |
| Philippines | PHP | 50,000 | 882 |
| Thailand | THB | 27,000-28,750* | 829-882 |
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 |
| Southeast Asia | HDPE Film | 740-790 |
| Middle East | LDPE Film | 800-860* |
| Southeast Asia | LDPE Film | 870-930 |
| Central Asia | LLDPE Film C4 | 680 |
| Middle East | LLDPE Film C4 | 690**-770 |
| Southeast Asia | LLDPE Film C4 | 730 |
Description: *Shipment from Malaysia and Singapore **Shipment from Port Klang, Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on May 4, 2020 11:54 AM (GMT+8)
Last Updated on May 4, 2020 12:24 PM (GMT+8)
