- A global trading house contacted by SSESSMENTS.COM’s team stated that this week, offers for localized Thai HDPE Film and LLDPE Film C4 in Indonesia from their end remain stable from last week and stand at IDR13,900,000/ton ($961/ton) on cash, FD Indonesia basis and excluding 10% VAT. While for import, this week the company is offering a small volume of US LLDPE Film C4 at $870/ton on LC at sight, CIF Indonesia Main Port basis to test market responses. Currently, the cargoes are being shipped to Taiwan, hence the trader estimates the cargoes will arrive in Indonesia around August.
- Meanwhile, in Vietnam, a converter and trader shared with SSESSMENTS.COM on the concern over high import PE offers in the country. Last week, the source purchased HDPE Film of Saudi origin between $895-920/ton on LC at sight, CIF Haiphong Port. While LLDPE Film C4 cargoes from the same origin were available at $900/ton on the same payment and delivery terms. These import offers to Vietnam were deemed too high as market talks have it that the offers for Saudi HDPE Film to China were available at or below $820/ton-level. As for this week, no fresh offers received by the source yet.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.1 | September Settlement | -0.04 |
| NYMEX | 40.63 | August Settlement | -0.02 |
| Naphtha | 394 | CFR Japan | 9* |
| Ethylene | 848-854 | CFR NEA | -29 to -31 |
| Ethylene | 778-784 | CFR SEA | -9 to -11 |
| Propylene | 807-815 | CFR China | No Changes |
| Propylene | 757-765 | FOB Korea | No Changes |
Description: *Compared to price in DailySSESSMENTS July 3
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 | 14,300,000-14,600,000 | 989-1,009 |
| Southeast Asia | IDR | 14,600,000* | 1,010 |
| Thailand | IDR | 13,900,000-14,500,000 | 961-1,003 |
| Malaysia | MYR | 3,900*-3,960* | 911-925 |
| Philippines | PHP | 56,000-57,000 | 1,012-1,030 |
| Thailand | THB | 29,750-31,000 | 956-996 |
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 |
|---|
| Thailand | IDR | 15,000,000-15,500,000 | 1,037-1,072 |
| Malaysia | MYR | 4,390*-4,530* | 1,025-1,058 |
| Thailand | THB | 33,000-34,500 | 1,061-1,109 |
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 | 14,300,000-14,700,000 | 989-1,017 |
| Southeast Asia | IDR | 14,800,000*-15,450,000* | 1,024-1,069 |
| Thailand | IDR | 13,900,000-14,700,000 | 961-1,017 |
| USA | IDR | 14,400,000 | 996 |
| Malaysia | MYR | 3,920*-4,270* | 915-997 |
| Philippines | PHP | 55,000-57,000 | 993-1,030 |
| Thailand | THB | 29,750-31,000 | 956-996 |
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 | 890-900 |
| Southeast Asia | HDPE Film | 900-960 |
| Middle East | LDPE Film | 960 |
| Southeast Asia | LDPE Film | 980 |
| Middle East | LLDPE Film C4 | 890 |
| North America | LLDPE Film C4 | 820-870 |
| Southeast Asia | LLDPE Film C4 | 890-910 |
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 7, 2020 12:12 PM (GMT+8)
Last Updated on July 7, 2020 12:12 PM (GMT+8)
