- A Vietnamese converter told SSESSMENTS.COM that the leading Saudi polyolefins producer offered HDPE Film at $20/ton lower than last week because the converter inquired for big volume. Similarly, offers for LLDPE Film C4 from the producer to the converter also slashed by $30/ton compared to the same period. The converter concluded deals at the same levels as the offers, between $730-750/ton for HDPE Film and at $720/ton for LLDPE Film C4. All were on LC at sight, CIF Vietnam main port basis.
- A Thai trader informed SSESSMENTS.COM that a local PE producer slightly decreased PE offers across all grades. Compared to last week, the producer’s offers were THB250/ton ($8/ton) lower. However, buyers remain uninterested to make fresh purchases. The trader added that PE demand in Thailand is still weak due to the Coronavirus outbreak.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.46 | July Settlement | -0.26 |
| NYMEX | 23.55 | June Settlement | -0.44 |
| Naphtha | 241 | CFR Japan | 5 |
| Ethylene | 412-420 | CFR NEA | No Changes |
| Ethylene | 397-405 | CFR SEA | No Changes |
| Propylene | 697-705 | CFR China | No Changes |
| Propylene | 647-655 | 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 | 11,200,000-12,000,000 | 740-793 |
| Southeast Asia | IDR | 11,500,000-12,180,000* | 760-805 |
| Thailand | IDR | 11,220,000-12,000,000 | 741-793 |
| Malaysia | MYR | 3,300*-3,400* | 763-786 |
| Philippines | PHP | 50,000 | 883 |
| Southeast Asia | PHP | 54,000 | 953 |
| Thailand | THB | 27,500-28,750* | 847-886 |
| Qatar | VND | 20,000,000 | 772 |
| USA | VND | 19,800,000 | 764 |
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 | IDR | 15,000,000 | 991 |
| Southeast Asia | IDR | 14,700,000 | 971 |
| Thailand | IDR | 14,250,000-14,700,000 | 942-971 |
| Malaysia | MYR | 4,000*-4,150* | 925-959 |
| Philippines | PHP | 64,000 | 1,130 |
| Thailand | THB | 33,250-34,000* | 1,024-1,048 |
| Saudi | VND | 24,000,000 | 926 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 11,000,000-12,000,000 | 727-993 |
| Malaysia | IDR | 11,000,000*-11,300,000* | 727-747 |
| Southeast Asia | IDR | 11,200,000*-11,590,000* | 740-766 |
| Thailand | IDR | 10,970,000-11,100,000 | 725-733 |
| Malaysia | MYR | 2,890*-3,100* | 668-716 |
| Philippines | PHP | 50,000 | 883 |
| Southeast Asia | PHP | 55,000 | 971 |
| Thailand | THB | 27,250-28,750* | 840-886 |
| South Korea | VND | 20,500,000 | 791 |
| Saudi | VND | 20,500,000-21,500,000 | 791-829 |
| Thailand | VND | 21,000,000 | 810 |
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 | 700-740 |
| Southeast Asia | HDPE Film | 730-780 |
| Middle East | LDPE Film | 800-860* |
| Southeast Asia | LDPE Film | 830-870 |
| Central Asia | LLDPE Film C4 | 680 |
| North America | LLDPE Film C4 | 660-710 |
| Middle East | LLDPE Film C4 | 690**-770 |
| Southeast Asia | LLDPE Film C4 | 730-750 |
Description: *Shipment from Malaysia and Singapore **Shipment from Port Klang, Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on May 8, 2020 11:45 AM (GMT+8)
Last Updated on May 8, 2020 12:07 PM (GMT+8)
